Japan buyer agrees to pay Q4 aluminium premium of $220/T, 19% higher than Q3

TOKYO, Sept 16 (Reuters) - A Japanese aluminium buyer has agreed to pay a global producer a premium of $220 per tonne over the benchmark price for shipments in October to December, up 19% from the current quarter, two sources directly involved in the pricing talks said.

The figure is higher than the $185 per tonne paid in the July-September quarter and marks a fifth consecutive quarterly increase. But it is lower than the initial offers of $230-$250 made by producers.

Japan is Asia's biggest importer of the light metal and the premiums for primary metal shipments it agrees to pay each quarter over the benchmark London Metal Exchange (LME) cash price set the benchmark for the region. (Reporting by Yuka Obayashi; Editing by Toby Chopra)

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