Fastmarkets launches European aluminium scrap shredded old sheet (Taint/Tabor) price assessment

The assessment will consider material comprising old aluminium sheet that has been shredded and sorted magnetically and by X-ray, with all attachments removed. Paint, coatings and traces of impurities will be permitted.

The unit of the assessment will be the payable percentage of the LME aluminium price. Typical market practice is for the payable to be applied to whichever is lower of the LME cash settlement and the three-month price.

The launch follows a consultation period which started on Wednesday October 29 and ended on November 26.

The specifications are as follows:

MB-AL-0426 Aluminium scrap, old sheet (Taint/Tabor), shredded and sorted, delivered consumer Europe, % of LME
Quality: Shredded old aluminium sheet that has been sorted magnetically (by eddy current) and by X-ray. No attachments. Trace impurities, paint and coatings permitted.
Quantity: minimum 25 tonnes
Location: Delivered consumer works, Europe
Timing: Within 4 weeks
Unit: % of LME
Payments terms: 30 days, other payment terms normalized
Publication: Weekly, Fridays, 4pm UK
Notes: Typical market practice is that the final price is derived by applying the payable % to a future, unknown LME value, usually on a date within the month of delivery, buyer’s choice, and whichever is lower between the cash and three-month price.

This price will be part of the Fastmarkets scrap package.

To provide feedback on this price, or if you would like to provide price information by becoming a data submitter to this price, please contact pricing@fastmarkets.com and metalsrecycling@fastmarkets.com. Please add the subject heading “re: Aluminium scrap Europe.”

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 the Fastmarkets methodology page.