Japan aluminium premium for July-September quarter set at $108/T, sources say

TOKYO, June 30 (Reuters) - The premium for aluminium shipments to Japanese buyers for July to September was set at $108 per metric ton, down 41% from the current quarter, reflecting sluggish demand, six sources directly involved in pricing talks said.

The figure, lower than the $182 per ton paid in April to June, marks a second consecutive quarterly decline and comes 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.