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Buyers in Japan, Asia's largest aluminum importer, are reducing bids as automotive demand is at risk. According to traders cited by Bloomberg, the premium for aluminum imports to Japanese buyers for April through June was set at $172/mt, down from $177/mt the previous quarter. This is the premium over the London Metal Exchange (LME) cash price that Japanese importers agree to for primary aluminum shipments. The country imported approximately 2.793 million mt of aluminum in 2021, or about 4% of global production, according to the Japan Ministry of Finance and USGS data. |
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Consumers who are concerned about their aluminum input costs should consider financial swaps or purchasing call options. Such positions are standard for consumer hedging, but they can result in opportunity costs or cash costs if metal prices decline. Please contact AEGIS for specific strategies that fit your operations. (4/4/22) |
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Note: Clients with AEGIS Platform access can see this and other research, plus hedge portfolio reporting and tools here. |
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AEGIS Insights |
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03/31/2022: AEGIS Factor Matrices: Most important variables affecting metals prices 03/23/2022: Russian Metals Production and Related News: Most Recent Developments (AEGIS Reference) |
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| Important Headlines | ||
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3/31/2022: Biden eyes Cold War-era defense law to boost mining sector 3/31/2022: METALS-Aluminium heads for biggest quarterly gain since 1988 3/30/2022: Tesla signed secret nickel supply deal with Vale - Bloomberg News 3/30/2022: Rusal's Guinea bauxite exports grind to a halt amid Ukraine crisis 3/29/2022: Column: European smelter squeeze keeps zinc close to record highs 3/29/2022: CRU-CESCO-LME to hold independent review into nickel crisis 3/29/2022: PRECIOUS-Gold retreats, palladium slides 9% on progress in Ukraine talks 3/29/2022: LME board to evaluate lessons from nickel halt, parent company says 3/28/2022: METALS-Copper, nickel fall on China's COVID curbs, firm U.S. dollar 3/28/2022: Rusal can’t access alumina from Australia JV as pressure builds |
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| Important Disclosure: Indicative prices are provided for information purposes only, and do not represent a commitment from AEGIS Hedging Solutions LLC ("Aegis") to assist any client to transact at those prices, or at any price, in the future. Aegis makes no guarantee to the accuracy or completeness of such information. Aegis and/or its trading principals do not offer a trading program to clients, nor do they propose guiding or directing a commodity interest account for any client based on any such trading program.
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