Correction to February 17 Shanghai aluminium arbitrage calculations

Fastmarkets has corrected its Shanghai-London arbitrage calculations for aluminium, which were published incorrectly on Friday February 17 due to a reporting error.

Fastmarkets has corrected its arbitrage figures for aluminium imported into China on Friday, both on a yuan-per-tonne basis (MB-AL-0290) and on a dollar-per-tonne basis (MB-AL-0289).

The aluminium import arbitrage prices for February 17 were previously published as -494.69 yuan and -$71.71.

These have been corrected to -1,055.93 yuan and -$153.07.

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 Sally Zhang by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Sally Zhang re: Fastmarkets arbitrage”.

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

What to read next
An incorrect EUR/USD exchange rate, used to convert the cost of inputs priced in euros to US dollars, caused the prices to be calculated incorrectly. This has now been rectified. The following prices were affected: AG-SAF-0004 Sustainable aviation fuel (SAF max), base cost, exw Netherlands, $/tonnePublished incorrectly as: $2,995 per tonneCorrected to: $1,996 per tonne […]
The publication of Fastmarkets’ European aluminium billet premiums assessments for Friday February 6 was delayed because of a procedural error. Fastmarkets’ pricing database has been updated.
Fastmarkets has corrected its MB-GD-0001 Gadolinium oxide 99.99%-99.999% fob China, $/kg price, which was published incorrectly.
Fastmarkets launches MB-STE-0951 Steel hot-rolled coil index, fob mill Canada on Thursday February 5.
The consultation, which is open until Friday March 6, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for steelmaking raw materials, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price […]
The price subject to this annual review is Fastmarkets’ MB-STE-0141 steel billet import, cfr Manila, $/tonne.​This consultation, which is open until Friday March 6, seeks to ensure that our methodologies continue to reflect the physical CFR Manila steel billet market, in compliance with the International Organization of Securities Commission (IOSCO) principles for price reporting agencies (PRAs). This […]