MethodologyContact usSupportLogin
The inclusion of CBAM costs will enable the assessments to better reflect how the spot market is expected to trade from 2026 onward, based on supply and demand fundamentals.
This means the CBAM certificate costs may not always fully be reflected or passed on from seller to buyer in the spot FCA DP prices.
The decision follows an industry consultation, where feedback unanimously supported the decision to include the CBAM costs. Fastmarkets invited feedback from the industry on the pricing methodology of our aluminium P1020A premium FCA DP premium assessments for Italy (MB-AL-0316), and Spain (MB-AL-0319), via an open consultation process between October 1 and October 31, 2025.
The MB-AL-0316 aluminium P1020A premium fca dp Italy and MB-AL-0319 aluminium P1020A premium fca dp Spain assessments will change to include additional CBAM costs in the same way they currently reflect existing import duties. This decision does not, therefore, include any calculated CBAM certificate cost component, because this could vary sharply in data submissions depending on several factors: the brand and origin; when the material is customs cleared and the CBAM cost at that time; and how much of the carbon cost is paid in the origin market.
Under this decision, Fastmarkets will not price individual brands or provide a standalone CBAM cost reference, but will provide regular updates in pricing rationales and news to provide clear visibility to the fluctuating impact and costs of the regulation on the premiums. The decision aligns the premiums with the MB-AL-0004 aluminium P1020A premium, in-whs dp Rotterdam, which will also include additional CBAM costs from January 2026 following an extensive consultation.As of January 1, 2026, the revised specifications will be as follows, with additions in italics: MB-AL-0316 Aluminium P1020A premium, fca dp Italy, $/tonneQuality: P1020A or 99.7 % Minimum Al purity (Si 0.10% max, Fe 0.20% max). Ingot Quantity: Min 100 tonnes Location: Free-carrier duty-paid Italy (north and south of country), inclusive of CBAM costs, premium on top of exchange-listed aluminium price Timing: Within 4 weeks Unit: USD/tonne Payment terms: Cash against documents (7 days after bill of lading date); other terms normalized Publication: Weekly. Tuesday 3-4pm London time.MB-AL-0319 Aluminium P1020A premium, fca dp Spain, $/tonneQuality: P1020A or 99.7 % Minimum Al purity (Si 0.10% max, Fe 0.20% max). Ingot Quantity: Min 100 tonnes Location: free-carrier duty-paid Spain, inclusive of CBAM costs, premium on top of LME cash prices Timing: Within 4 weeks Unit: USD/tonne Payment terms: Cash against documents (7 days after bill of lading date); other terms normalized Publication: Once every two weeks. Tuesday 3-4pm London time These prices are a part of the Fastmarkets base metals package.
Fastmarkets will continue to review its methodology and will consider additional changes if there are material amendments to the implementation of CBAM or changes to EU regulations.
Please note, this decision will not have any impact on historic data related to either premium assessment before January 1, 2026. This consultation ensures our aluminium premium methodology continues to reflect the physical market under indexation, 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 specifications and publication frequency.
You can find the current methodology for MB-AL-0316 aluminium P1020A premium, fca dp Italy, and MB-AL-0319 aluminium P1020A premium, fca dp Spain here.To see all Fastmarkets’ pricing methodology and specification documents, go to the Fastmarkets methodology page.