PRICING NOTICE: Proposal to reduce publication frequency of 6063 extrusion billet in Japan

Metal Bulletin proposes to reduce the frequency of its monthly assessments of aluminium 6063 extrusion billets in Japan from 2018.

Under the proposal, assessments of the upcharge over P1020 of aluminium 6063 extrusion billet cif Japan duty-unpaid will take place on the third Friday of the first month of each quarter.

The frequency of assessment is being reduced due to the illiquidity of the market on a spot basis since much of Japanese billet orders are instead settled on a quarterly or annual basis.

Under the proposals, the assessment will be published on the following dates in 2018:

Friday January 19, 2018
Friday April 20, 2018
Friday July 20, 2018
Friday October 19, 2018

The last monthly assessment of Japanese billet will take place on Friday December 15, 2017.

The consultation period for this proposed amendment will end one month from the date of this pricing notice, on Friday November 10, with changes taking place from January 2018.

Initially, Metal Bulletin proposed to reduce the frequency from October in a notice published on FastMarkets on July 11. This has now been revised following the price being made available on the Metal Bulletin Price Book and the consultation period reopened with the changes now due to take place from January 2018, giving the market fair opportunity to respond.

To provide feedback on the reduction in frequency of this price or if you would like to provide price information by becoming a data submitter to this price, please contact Vivian Teo by email at: pricing@metalbulletin.com. Please add the subject heading FAO: Vivian Teo, re: Aluminium billet Japan

To see all Metal Bulletin’s pricing methodology and specification documents click here.

What to read next
Fastmarkets has had a strong interest in the proposed new assessments and would like to gather additional information on the specification and grades that should assess.  Based on the feedback, the proposed specifications have been updated as follows:  Quality: Selected Nordic (Swedish, Finnish, Norwegian) export grades of both planed and rough sawn timber spruce (whitewood) […]
While Fastmarkets understands that the PIX sawn timber FAS Finland indices have not been widely adopted by the industry, we have received feedback that there is commercial use for the indices. Therefore, we propose to maintain them for the time being.  The following indices are affected:  The extended consultation period for this proposed discontinuation starts […]
To increase the transparency of our methodology, Fastmarkets clarifies that the quotation period of the MHP nickel payable indicator is the month of delivery, or the month M. Any data points Fastmarkets received otherwise will be normalized to the M month based on the monthly spreads of the prevailing exchange-traded Class-1 nickel reference price, or […]
Following an initial consultation with the market and a review of the typical data sets that have been collected over recent months, Fastmarkets is proposing changes to the specifications of the index for MB-IRO-0009 iron ore 65% Fe Brazil-origin fines, cfr Qingdao, by raising the silica base specification to 2.7% from 2.2%, as well as an […]
The corrections are as follows: AG-BRY-0004 Barley Feed barley FOB Argentina $/mt Incorrect prices: August $119.00 per tonne Corrected to: August $219.00 per tonne Fastmarkets’ pricing database has been updated to reflect this change. These prices are part of the Fastmarkets Ags Grains package. For more information or to provide feedback on this correction notice or […]
This price is a part of the Fastmarkets scrap package. For more information on our North America Ferrous Scrap methodology and specifications please click here. To get in touch about access to this price assessment, please contact customer.success@fastmarkets.com.