Amendment to aluminium P1020A methodology for Europe, US, Japan

Following a month-long consultation, Fastmarkets has amended its IOSCO-accredited aluminium P1020A premium methodology to allow for flexibility on the underlying futures price used.

The methodology previously stated that the premiums are on top of the London Metal Exchange cash price. Fastmarkets has amended the methodology to clarify that, in addition to the LME, its premiums can be used with underlying futures aluminium prices on the Chicago Mercantile Exchange. The choice is down to industry market participants.

The specifications behind Fastmarkets’ aluminium premiums are aligned with those of either exchange.

The premiums the change relates to are as follows:

MB-AL-0346 – Aluminium P1020A premium, in-whs dup Rotterdam, $/tonne
MB-AL-0004 – Aluminium P1020A premium, in-whs dp Rotterdam, $/tonne
MB-AL-0316 – Aluminium P1020A premium, fca dp Italy, $/tonne
MB-AL-0343 – Aluminium P1020A (MJP) spot premium, cif Japan, $/tonne
MB-AL-0020 – Aluminium P1020A premium, ddp Midwest US, US cents/lb

The update will be effective from Tuesday April 11, 2023.

To provide feedback, or if you would like to provide price information by becoming a data submitter to these price assessments, please contact Alice Mason by email at pricing@fastmarkets.com. Please add the subject heading “FAO Alice Mason, re Aluminium P1020A methodology.”

To see all Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.

What to read next
Fastmarkets invites further feedback on proposed amendments to its newly launched MB-NI-0256 Nickel low-carbon briquette premium, cif global, price assessment.
Fastmarkets proposes to amend its MB-STE-0782 steel billet export, fob ports Iran and MB-STS-0019 steel slab export, fob ports Iran assessments.
Fastmarkets proposes to amend its MB-STE-0896 steel slab import, cif Italy, $/tonne price assessment.
The publication of the following prices was delayed on Tuesday April 30 due to technical issues. Fastmarkets’ pricing database has been updated.
The publication of Fastmarkets’ cobalt hydroxide, min 30% co, inferred price was delayed on Tuesday April 30 due to a technical error. Fastmarkets’ pricing database has been updated.
After an extended consultation period, Fastmarkets has amended the frequency and publishing time of its MB-LI-0012 Spodumene min 6% Li2O, spot price, cif China price assessment.