Japan Q4 Aluminium Premiums Settle at $255/T, Down 35% — Deeper Cut Than Initial Ask
AA sits 18% above its 52-week low of $35.12.
Summary
Japanese buyers settled Q4 aluminium premiums at $255 per metric ton, a 35% drop from Q3 and well below the $325/T initial ask reported in early September. The sharp decline reflects recovering Middle East supply and signals weaker regional demand or ample availability. For Alcoa, a major global producer, lower benchmark premiums pressure realized pricing in the key Asian market. This follows the company's Q2 alumina production cut and the ongoing $4.1B South32 acquisition, adding another headwind to near-term earnings.
Updates
· Reuters — Premiums settled at $255/t, below producers' initial offers of $310-$325, with Middle Eastern supply recovering and Indian ingots arriving in Japan.
At the time of this announcement, AA was trading at $41.46 on NYSE in the Manufacturing sector, with a market capitalization of approximately $10.9B. The 52-week trading range was $35.12 to $84.38. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.