Amendment to frequency of US aluminium billet premium: pricing notice

After a consultation period, Fastmarkets has amended the frequency of assessment of the MB-AL-0052 aluminium 6063 extrusion billet premium, delivered Midwest US, US cents per lb, from a fortnightly basis to once a month, on the fourth Friday of each month.

The new specifications proposed in the consultation are listed below, with the amendment to the price frequency shown in italics:

MB-AL-0052 aluminum 6063 extrusion billet premium, delivered Midwest US, US cents per lb
Quality: Extrusion billet AA6063. Billet with diameter of 6in, 7in and 8in.
Quantity: Min 100 tonnes
Location: Delivered into US Midwest region, duty-unpaid premium on top of the P1020A ingot Midwest premium and LME cash prices
Timing: Within 2 months
Unit: US cents per lb
Payment terms: 30-day payment, other payments terms normalized
Publication:Once a month on the fourth Friday of the month, 3-4pm London time.

This price is a part of the Fastmarkets base metals package.

The next price assessment will be made on Friday October 25.

To provide feedback on this premium, or if you would like to provide price information by becoming a data submitter to this premium, please contact Yasemin Esmen by email at: pricing@fastmarkets.com. Please add the subject heading: “FAO: Yasemin Esmen re: US aluminium billet.”

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.

What to read next
After market feedback, Fastmarkets is extending the consultation period for its proposal to discontinue its MB-STE-0423 Steel scrap shredded, index, delivered Midwest mill, $/gross ton; its MB-STE-0424 Steel scrap No1 heavy melt, index, delivered Midwest mill, $/gross ton and its MB-STE-0882 Steel scrap No1 busheling, indicator, delivered Midwest mill, $/gross ton, effective January 2025.
Fastmarkets invites feedback on the pricing methodology for its aluminium 6063 extrusion billet premiums ddp Italy, ddp North Germany and ddp Spain ahead of the definitive period of the EU’s Carbon Border Adjustment Mechanism (CBAM), which starts from January 2026.
The publication of Fastmarkets’ MB-ALU-0001 Alumina metallurgical grade, exw China, yuan/tonne for Thursday December 12 was delayed because of a reporter error. Fastmarkets’ pricing database has been updated.
The proposal follows market feedback and data collected by Fastmarkets, which suggested that the price assessment is not a major price benchmark or key reference for market participants. Specifically, Fastmarkets is proposing to discontinue: MB-STE-0164 Steel wire rod (mesh quality) domestic, ex-whs Eastern China, yuan/tonneQuality: Q235B, diameter 6.5-10mmQuantity: 40-1,000 tonnesLocation: Ex-warehouse ShanghaiTiming: SpotUnit: RMB/tonnePayment terms: […]
The publication of Fastmarkets’ MB-CO-0021 Cobalt hydroxide payable indicator, min 30% Co, cif China assessment on Wednesday December 12 was delayed because of an approver error. Fastmarkets’ pricing database has been updated.
Fastmarkets’ iron ore DR-grade pellet premium indicator was published earlier than scheduled due to an error on Wednesday December 11.