Correction to January 13’s LME Asian reference prices

Fastmarkets has corrected the LME Asian reference prices for January 13, which were published incorrectly on January 14 due to a technical error

The following prices have been corrected:

  • Aluminium LME Asian Benchmark price 3 months unofficial: $2,947.74 per tonne
  • Copper LME Asian Benchmark price 3 months unofficial: $9,913.45 per tonne
  • Zinc LME Asian Benchmark price 3 months unofficial: $3,525 per tonne

Fastmarkets’ price book and database have been updated to reflect this change.

What to read next
The publication of Fastmarkets’ Vietnamese steel scrap import assessments for Friday June 14 were delayed because of a reporter error. Fastmarkets’ pricing database has been updated.
In the open consultation, Fastmarkets FOEX did not propose any changes, and there was no feedback received during the process. No material changes were made to the current methodology. A newly dated methodology document has been posted here.
Read more from senior analyst Andy Farida on how the price action in LME nickel has played out in the first half of 2024
Tight aluminium scrap availability, the increase in container costs, sluggish demand in the US and the US market’s current indifference to rising premiums in Europe and Asia were the top subjects discussed during the Harbor Aluminum Summit that took place in Chicago on June 4-6
The publication of Fastmarkets’ aluminium scrap and secondary aluminium ingot price assessments for Wednesday June 12 were delayed because of a reporter error. Fastmarkets’ pricing database has been updated.
The publication of Fastmarkets’ MB-IRO-0186 iron ore DR grade pellet premium indicator for Wednesday June 12 was delayed due to an error in the review process.