Japan primary aluminum premium surge by USD 9 for July-September

Japan Metal Bulletin reported that premium for primary aluminum shipment to Japan in July to September is likely to increase by USD 7 and USD 9 to USD 120 per tonne and USD 122 per tonne when the premiums were set high against European and US re rollers while supply and demand balance of primary aluminum ingot is internationally tight.

Some of Japanese re rollers will procure scheduled volume of ingot along car output recovery while some will reduce the purchasing volume since their operations would lower by Japanese power companies' electricity supply regulations.