Become a customer

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.

October 15, 2024
By Yasemin Esmen
Aluminium Base Metals Physical Prices Pricing notice

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
Market split over likely impact of diverted Canadian aluminium on European premiums
How much Canadian aluminium is being diverted from the US to Europe, when will it arrive and what impact will it have on premiums? The market appears to be split, but that could all change at the end of June, sources told Fastmarkets in the week to Thursday April 17.
April 23, 2025
 · 
By Sayaka Kurata
Proposal to amend frequency of Chinese magnesia prices: pricing notice
The proposal follows preliminary discussions with the market, which suggests a lack of liquidity for the commodities. The proposed new specifications are listed below, with the proposed amendment of price frequency in italics: MB-MAG-0005 Magnesia, dead burned, 97.5% MgO, lump, fob China, $/tonneQuality: Dead burned 97.5% MgO lump, bulkQuantity: Min 1,000 tonnesLocation: fob ChinaTiming: SpotUnit: $/tonnePublication: […]
April 23, 2025
 · 
By Nina Hu
Correction to chrome, manganese ore inventories on April 21
Manganese ore inventories at the main Chinese ports of Tianjin and Qinzhou were originally published at 357 million-370 million tonnes. This has been corrected to 3.57 million-3.70 million tonnes. Chrome ore inventories at the main ports of Tianjin, Qinzhou, Lianyungang and Shanghai were originally published at 2.95 million tonnes. This has been corrected to 2.69 […]
April 22, 2025
 · 
By Justin Yang
Correction to assessment for lithium carbonate 99.5% Li2CO3 min, battery grade, spot price range, exw domestic China
The price was incorrectly published as 68,000-685,000 yuan per tonne on Tuesday. That has now been corrected to 68,000-68,500 yuan per tonne. Fastmarkets’ pricing database has been updated to reflect this change. This price is part of the Fastmarkets’ industrial minerals package. For more information, or to provide feedback on this correction notice, or if you […]
April 22, 2025
 · 
By Yasemin Esmen
Launch of UAE shredded steel scrap index: pricing notice
Fastmarkets has expanded its suite of Middle Eastern scrap prices with the launch of an index for domestic shredded scrap in the United Arab Emirates on Tuesday April 22. The new price will complement Fastmarkets’ existing price index for sheared HMS 1&2 scrap, delivered UAE, which was launched in October 2023. Fastmarkets’ newest ferrous scrap price […]
April 22, 2025
Correction to green steel base price, hot-rolled coil cfr Vietnam, weekly inferred on April 18, 2025
The price was correctly published as scheduled on Thursday April 17. The erroneously published price has since been retracted and regular publication will resume on Friday April 25. For more information on Fastmarkets’ holiday pricing schedule, please visit: https://www.fastmarkets.com/methodology/price-schedules/. This price is part of the Fastmarkets steel package. For more information or to provide feedback on this correction […]
April 22, 2025