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The netback rate will be published on the first working day of every month, following a consultation that ended on July 4.
Fastmarkets assessed the aluminium P1020A premium P0610 netback rate, in-whs dup/dp Rotterdam, at $10 per tonne on Tuesday.
An inferred number is a calculation using existing Fastmarkets numbers. The new inferred prices will take the midpoint of the underlying P1020A premium and add the P0610 differential.
Fastmarkets will publish the following inferred calculations:
MB-AL-0386 Aluminium primary ingot premium, in-whs dp Rotterdam, inferred P0610 midpoint, $ per tonne
MB-AL-0385 Aluminium primary ingot premium, in-whs dup Rotterdam, inferred P0610 midpoint, $ per tonne
The inferred prices have been backdated to August 1.
To provide feedback on these prices, or if you would like to provide price information by becoming a data submitter to these prices, please contact Imogen Dudman by email at pricing@fastmarkets.com. Please add the subject heading: “FAO: Imogen Dudman re: P0610 netback rate.”
To see all Fastmarkets’ pricing methodology and specification documents, go to: https://www.fastmarkets.com/about-us/methodology.