A major global aluminum producer has proposed a premium of $95 per metric ton for January-March primary metal shipments to Japanese buyers. This figure is 2% lower than the premium for the current quarter, marking a downward trend. Japan, being Asia's largest aluminum importer, relies on these quarterly premiums, which set the benchmark for the region. The proposed premium is lower than the $97 per ton paid in October-December, indicating a continued decline. Quarterly pricing negotiations are ongoing between Japanese buyers and global suppliers, and while the initial offer is at $95, buyers are reportedly pushing for further reductions due to sluggish demand and a desire to reduce inventories ahead of the financial year-end in March

SOURCE: GOOGLE