This amendment takes effect from Tuesday January 2.
The move to a daily assessment will allow Fastmarkets to better capture fluctuations in the market and follows positive market feedback requesting further transparency.
The new specifications for the premium will be as follows:
MB-AL-0020 Aluminium P1020A premium, ddp Midwest US, US cents per lb
Quality: P1020A or 99.7% minimum Al purity (silicon 0.10% max, iron 0.20% max, zinc 0.03%, gallium 0.04%, vanadium 0.03%). Ingot, T-bar, sow
Quantity: 100 tonnes
Location: Delivered consumer works Midwest, premium on top of exchange-listed aluminium price
Unit: US cents per lb
Timing: Within 4 weeks
Payment terms: 30 days, other terms normalized
Publication: Daily, 3-4pm London time.
This price will be part of the Fastmarkets base metals package.
To provide feedback on this premium, or if you would like to provide price information by becoming a data submitter to this premium, please contact Yasemin Esmen by email at pricing@fastmarkets.com. Please add the subject heading “FAO: Yasemin Esmen, re: US P1020A aluminium price.”
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.
