The rationale was missing the backwardation data on Monday.
The following line has been added to the rationale for MB-AL-0020 aluminium P1020A premium, ddp Midwest US:
“The LME C/3M spread was trading at a $8.25/t backwardation at the time of assessment on Monday, compared to a $8.00/t backwardation on Friday.”
The published price is unaffected by this change.
This price is part of the Fastmarkets base metals package.
For more information or to provide feedback on this correction notice or if you would like to provide price information by becoming a data submitter to this price, please contact Grace Asenov by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Grace Asenov, re: Aluminium P1020A premium, ddp Midwest US.”
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To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.
