NEWSBREAK: First MJP Q4 deal concludes at $83/t premium, offers at $98/t - sources

The first deal for the supply of aluminium to main Japanese ports (MJP) for the fourth quarter has concluded at a premium of $83 per tonne cif MJP, sources told Fastmarkets on Friday August 28.

The deal was for up to 1,500 tonnes of aluminium ingot in total for October-December delivery, with 500 tonnes to be delivered each month, and is on top of the London Metal Exchange cash price.
This quarter's inaugural MJP deal was concluded between a trader and an Asia-based end-consumer and comes a day after the first offer for fourth-quarter MJP was released at $95 per tonne.

According to sources that spoke to Fastmarkets, the...

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