Correction to alumina index, fob Australia, plus derived prices, on June 2/3: pricing notice

Fastmarkets has corrected its fob Australia alumina index, which was published incorrectly on Monday June 2 and Tuesday June 3 due to a back-end calculation error. Fastmarkets has also corrected all the related inferred indices.

On June 2 the following prices were published incorrectly:

Fastmarkets’ MB-ALU-0002 Alumina index, fob Australia, was published in error as $375.59 per tonne. This has now been corrected to $366.37 per tonne.

The MB-ALU-0019 Alumina inferred, fob Indonesia, was published in error as $371.59 per tonne. This has now been corrected to $375.37 per tonne.

The MB-ALU-0018 Alumina index inferred, fob India, was published in error as $392.59 per tonne. This has now been corrected to $383.37 per tonne.

The MB-ALU-0020 Alumina index inferred, fob Vietnam, was published in error as $381.59 per tonne. This has now been corrected to $375.51 per tonne.

The MB-ALU-0010 Alumina Index, fob Brazil, inferred Brazil price $ per dry metric ton, was published in error as $394.26 per tonne. This has now been corrected to $385.04 per tonne.

On June 3 the following prices were published incorrectly:

The MB-ALU-0002 Alumina index, fob Australia, was published in error as $374.82 per tonne. This has now been corrected to $366.51 per tonne.

The MB-ALU-0019 Alumina inferred, fob Indonesia, was published in error as $370.82 per tonne. This has now been corrected to $375.51 per tonne.

The MB-ALU-0018 Alumina index inferred, fob India, was published in error as $391.82 per tonne. This has now been corrected to $383.51 per tonne.

The MB-ALU-0020 Alumina index inferred, fob Vietnam, was published in error as $380.82 per tonne. This has now been corrected to $372.51 per tonne.

The MB-ALU-0010 Alumina Index, fob Brazil, inferred Brazil price $ per dry metric ton, was published in error as $393.49 per tonne. This has now been corrected to $385.18 per tonne.

Fastmarkets’ pricing database and the relevant rationales have been updated to reflect the changes.

These prices are part of the Fastmarkets base metals package.

For more information or to provide feedback on this correction notice or if you would like to provide price information by becoming a data submitter, please contact James McKeigue by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: James McKeigue, re: Alumina index, fob Australia, $/tonne.”

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.