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Fastmarkets has launched a São Paulo secondary aluminium billet premium on Tuesday July 14.
The assessment will increase transparency in São Paulo’s growing secondary aluminium billet market and will complement Fastmarkets’ existing primary billet premium by reflecting the specific pricing dynamics of the secondary market, which is influenced by the scrap and primary aluminium markets.
The specification is as follows:
MB-AL-0439 Secondary aluminium 6060 & 6063 extrusion billet premium, ddp São Paulo, $/t
Quantity: Minimum 25 tonnes
Incoterm: DDP
Location: São Paulo, Brazil
Specification: Secondary aluminium extrusion billet AA6060/AA6063, max 30% primary aluminium, diameter 4–7 inches
Unit: USD/tonne, premium on top of LME cash price, normalized to cash-equivalent payment terms
Delivery period: Within 4 weeks
Data window: Second Tuesday of the month 4pm London time to the next second Tuesday of the month 3pm London time
Frequency: Monthly, second Tuesday of the month, publication 3-4pm London time. Follows non-ferrous metals price reporting holiday schedule
Payment terms: Cash against documents (7 days after bill of lading date); other payment terms normalized
Please send any questions or comments to pricing@fastmarkets.com and basemetals@fastmarkets.com. 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 the Fastmarkets Methodology page.