Amendment to aluminium P1020A all-in price, delivered US Midwest

Fastmarkets has amended the formula for its MB-AL-0231 — aluminum P1020A all-in price, delivered Midwest US, US cents/lb to include the London Metal Exchange official cash AM bid aluminium price effective immediately.

The formula for Fastmarkets aluminum P1020A all-in price, delivered Midwest US, US cents/lb previously included the LME unofficial cash PM bid aluminium price. However, the LME ceased determining and publishing unofficial closing prices on Tuesday February 6 following a 90-day notice.

The new specifications are as follows: 

MB-AL-0231 — Aluminum P1020A all-in price, delivered Midwest US, US cents/lb
Quality: London Metal Exchange specification P1020A or 99.7% minimum Al purity (silicon 0.10% max, iron 0.20% max, zinc 0.03%, gallium 0.04%, vanadium 0.03%)
Location: Delivered consumer works Midwest
Unit: US cents per lb 
Formula: London Metal Exchange cash aluminium AM bid price plus Fastmarkets’ Midwest aluminium premium
Quantity: 100 tonnes
Publication: Daily

This price is part of the Fastmarkets base metals package.

To provide feedback on this price 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: US P1020 all-In.”

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 https://www.fastmarkets.com/methodology.

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