Japanese primary aluminium buyers are partly concluding the negotiation with offshore suppliers at US$ 365 per tonne of premium for April-June. Trading house said it is decent price for both parties. Producers had advanced US$ 370-375 since opening of negotiations, it is around 120 dollars higher than January-March level recorded high. It takes too long to reach a comprehensive settlement because a gap between there is still a big gap between the two.
Japan Steel Scrap Composite Prices (Sangyo Press)07/18/2019
|25500YEN (-)||28400YEN (-)|
|234.29US$ (1.03)||260.93US$ (1.14)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)