Amendment to frequency of US Midwest low-carbon aluminium differentials

Fastmarkets will amend the frequency of its aluminium low-carbon differential P1020A, US Midwest and its aluminium low-carbon differential value-added product, US Midwest as of the assessment on Friday May 3.

After an extended consultation period, which closed on Monday April 15, Fastmarkets will amend the pricing frequency of its MB-AL-0389 aluminium low-carbon differential P1020A, US Midwest and MB-AL-0390 aluminium low-carbon differential value-added product, US Midwest to a weekly basis from the current monthly basis.

The move to weekly will allow Fastmarkets to better capture fluctuations in the market.

During the consultation period, Fastmarkets did not receive any objections to the amendment.

The new specifications are listed below, with the amendment of price frequency in italics:

MB-AL-0389 Aluminium low-carbon differential P1020A, US Midwest, US cents/lb
Carbon limit: 4tCO2e per tonne of aluminium produced, Scope 1 and 2 emissions*
Quality: P1020A or 99.7% minimum Al purity (Si 0.10% max, Fe 0.20% max). Ingot, T-bar, sow
Quantity: Min 100 tonnes
Location: Delivered consumer works Midwest, differential on top of P1020A premium and exchange-listed aluminum price.
Unit: US cents per pound
Timing: Delivery starting within three months
Publication: Weekly on Fridays. 3-4pm London time

MB-AL-0390 Aluminium low-carbon differential value-added product, US Midwest, US cents/lb
Carbon limit: 4tCO2e per tonne of aluminium produced, Scope 1 and 2 emissions*
Type: Extrusion billet, primary foundry alloy, wire rod, slab
Quantity: Min 100 tonnes
Location: Delivered into US Midwest region, differential on top of value-added product premium and exchange-listed aluminum price
Unit: US cents per pound
Timing: Delivery starting within three months
Publication: Weekly on Fridays. 3-4pm London time

*Fastmarkets defines low-carbon aluminium as originating from smelters that emit a maximum of 4tCO2e per tonne of aluminium produced under Scope 1 and 2 emissions. Scopes 1 and 2 include direct carbon emissions from the smelter itself and indirect emissions from the power source of the smelter.

These prices are part of Fastmarkets’ base metals package.

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 low-carbon aluminium differentials.”

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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