Correction to Shanghai aluminium arbitrage calculations for September 11

Fastmarkets has corrected its Shanghai-London arbitrage calculations for aluminium, which were published incorrectly on Monday September 11.

Fastmarkets has corrected its arbitrage figures for aluminium imported into China on Monday, 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 September 11 were previously published as -1,998.45 yuan per tonne and -$273.13 per tonne.

These have been corrected to 156.55 yuan per tonne and $21.40 per tonne.

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.

What to read next
The following price was affected: FP-LBR-2227 Kiln-dried southern yellow pine (eastside) #2 2×4 rl, daily price, fob mill, $/mbf This price is part of the Fastmarkets wood products 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 […]
The publication of Fastmarkets’ MB-ALU-0002 Alumina index, fob Australia, $/tonne and inferred alumina prices for Thursday April 23 was delayed because of a procedural error. Fastmarkets’ pricing database has been updated.
The publication of Fastmarkets’ price assessments of steel hot-rolled coil index domestic, exw Italy and steel hot-rolled coil index domestic, exw Northern Europe for Wednesday April 22 was delayed due to a reporter error. The Fastmarkets pricing database has been updated.
The proposed methodology update will reflect the following: AG-UCO-0015 Used cooking oil, flexi-tank, fob China, $/tonneQuality: Free fatty acids (FFA) max. 15%, moisture, impurities and unsaponifiable matter (MIU) max 2%, iodine value (IV) min. 80 g iodine/hg, sulfur content max. 50 ppmQuantity: Minimum 500 tonnesLocation: China, fobTiming: Shipment within 45 days following date of saleUnit: USD/tonnePublication: Daily, 4:30pm Singapore time AG-UCO-0014 […]
The assessment dates for both prices have been corrected to March 1 to accurately reflect the March pricing period, in alignment with the methodology. These markets are always listed against the first of the month in which they are applicable to. The published prices are unaffected by this change. This price is a part of […]
China's Tsingshan Holding Group is in talks with potential project partners about building another aluminium smelter in North Maluku, Indonesia, sources told Fastmarkets in the week to Thursday April 16.