Some Japan buyers agree to pay Q3 aluminium premium of $108/T -sources

TOKYO, June 25 (Reuters) - Some Japanese aluminium buyers have agreed to pay global producers a premium of $108 per metric ton over the benchmark price for shipments from July to September, down 41% from this quarter, four sources directly involved in the talks said.

The figure is down from the $182 per ton paid in April to June and marks a second consecutive quarterly decline. But it is below initial offers of $122 to $145 per ton made by global producers.

Japan is a major Asian importer of the light metal and the premiums PREM-ALUM-JP for primary metal shipments it agrees to pay each quarter over the benchmark London Metal Exchange (LME) cash price CMAL0 set the benchmark for the region.