Conclusion of consultation on aluminium billet, P1020A price assessments

Fastmarkets invited feedback from the industry on the pricing methodology for its European 6063 aluminium billet and aluminium P1020A Italy premiums, via an open consultation process between March 21 and April 18, 2022. This consultation was done as part of a methodology review process.

No comment or feedback was received suggesting that any immediate material change was required to the existing methodologies.

This consultation sought to ensure that our methodologies continue to reflect the physical market, in compliance with the International Organization of Securities Commissions (IOSCO) principles for price reporting agencies (PRAs). This included all elements of our pricing process, our price specifications and publication frequency.

The consultation was in relation to putting the prices listed below through the IOSCO audit process:
MB-AL-0302 aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region)
MB-AL-0300 aluminium 6063 extrusion billet premium, ddp Italy (Brescia region)
MB-AL-0316 aluminium P1020A premium, fca dp Italy

You can find the new methodology for aluminium P1020A premium here and the new methodology for aluminium billet premiums here.

Fastmarkets invites feedback on a continuing basis throughout the year. To offer feedback or comment related to this consultation, please email pricing@fastmarkets.com and add the subject heading: ‘FAO Alice Mason, re Billet, P1020A methodology review, 2022.’

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

What to read next
The publication of Fastmarkets' rand fixing prices per tonne for London Metal Exchange trade for Tuesday June 16, 2026 was delayed due to the unavailability of the Standard Bank $/rand conversion rate. Fastmarkets’ pricing database was updated once the rate was available.
Fastmarkets has decided to raise the minimum tonnage in its aluminium P1020A(MJP), cif Japan, spot premium assessment to better reflect significant spot market transactions.
The publication of Fastmarkets' assessment of laterite ore with 1.6% nickel content, Indonesia domestic trade, delivered for Monday June 15, 2026 was delayed due to the unavailability of the latest Indonesian government mineral reference prices (HMA). Fastmarkets’ pricing database will be updated upon the release of the latest HMA.
Fastmarkets wishes to clarify details around the following aspects of the pricing methodology for MB-NI-0244 nickel sulfate min 21%, max 22.5%; cobalt 10ppm max, exw China.
Fastmarkets has corrected the rationale for its MB-MNO-0002 manganese ore semi carbonate index, 36.5% Mn, fob Port Elizabeth, which was published incorrectly on Friday June 5 due to incorrect source data.
A United Auto Workers (UAW) strike at the American Axle factory in Three Rivers, Michigan, that began on Monday June 1 could lead to reduced demand for automotive steel if not resolved quickly, but analysts disagree on whether it will ultimately have a significant impact.