Decision to launch CIF Rotterdam aluminium billet premium calculated assessment

Following a one-month consultation that ended on July 14, Fastmarkets has determined that current circumstances make the launch of a CIF Rotterdam aluminium billet premium calculated assessment viable. The calculated premium expands Fastmarkets’ coverage of the aluminium billet market and develops its existing suite of billet assessments.

The addition of a CIF Rotterdam aluminium billet premium calculated assessment offers market participants greater transparency in CIF-based pricing for aluminium billet in Europe. This reflects evolving market developments, including the EU’s Carbon Border Adjustment Mechanism (CBAM) and related regulatory shifts, which have increased interest in CIF-based price references to support market activity.

The first price assessment will take place on Friday July 31. 

Aluminium 6063 extrusion billet premium, cif Rotterdam, $/tonne
Quality: Aluminium Assn specification AA6063: Si 0.2-0.6% max, Mg 0.45-0.9% max, Fe 0.35% max, Cu 0.1% max, Cr 0.1% max, Zn 0.1% max, Ti 0.1% max, Others each 0.05% max, total 0.15% max. Extrusion billet with outside diameter of 6”, 7” and 8”
Quantity: Min 100 tonnes
Location: CIF Rotterdam port, premium on top of LME cash prices
Timing: Within 3 months
Unit: USD/tonne
Payment terms: Cash against documents (7 days after bill of lading date)
Publication: Weekly. Friday 4:30pm London time.

These prices will be a part of the Fastmarkets base metals package.

To provide feedback on this price please email pricing@fastmarkets.com and basemetals@fastmarkets.com. Please add the subject heading “re: CIF billet Rotterdam.” 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.