Fastmarkets to launch P0610 netback for aluminium P1020A Rotterdam premiums

Fastmarkets will launch a published P0610 purity netback for its aluminium P1020A Rotterdam premiums beginning on August 1, 2023.

The launch of this netback follows a consultation period that ended on Tuesday July 4 and will allow Fastmarkets to bring additional transparency to the European P1020A market.

The majority of market feedback was in support of Fastmarkets launching the purity differential.

The netback will be applied only to existing Rotterdam aluminium premiums and will be available as both an inferred premium and a standalone rate on the Fastmarkets dashboard.

The netback will be assessed on a monthly basis and published on the first working day of every month, starting on August 1. If the first of the month falls on a UK holiday, the netback will be published on the next working day.

The specification will be as follows:
Aluminium P1020A Rotterdam premium P0610 netback rate
Quality: P0610 ingot
Location: In-warehouse Rotterdam, netback to aluminium P1020A premium in-whs dup/dp Rotterdam
Unit: USD/tonne
Publication: Monthly, first working day of the month, 3-4pm UK time

Fastmarkets will also publish inferred price calculations for its P1020A Rotterdam premiums related to the above.

An inferred number is a calculation using existing Fastmarkets premiums. The new inferred prices will take the existing midpoint of the underlying premium and add the relevant assessed netback rate.

The proposed inferred calculations will be as follows:
• Aluminium primary ingot premium, in-whs dp Rotterdam, inferred P0610 midpoint, $/tonne
• Aluminium primary ingot premium, in-whs dup Rotterdam, inferred P0610 midpoint, $/tonne

As part of the initial consultation, Fastmarkets also proposed to launch a free carrier (FCA) Rotterdam to in-warehouse Rotterdam (in-whs) netback.

Following consultation feedback Fastmarkets has made the decision not to launch this netback, with participants noting difficulty in providing a consistent rate across the market.

But Fastmarkets will continue to internally monitor the incoterm netback, applying editorial judgement to FCA netbacks during the pricing process.

To provide feedback on this price, or if you would like to provide price information by becoming a data submitter, 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.

What to read next
The publication of Fastmarkets’ molybdenum drummed molybdic oxide – in-whs Busan, MB-FEO-0004, and in-whs Rotterdam, MB-FEO-0003 – and ferro-molybdenum 65% Mo min, in-whs Rotterdam, MB-FEO-0001, price assessments were delayed because of slow data processing on Friday May 23. Fastmarkets’ pricing database has been updated. The publication of these prices was delayed for 12 minutes. The […]
Fastmarkets invited feedback from the industry on the pricing methodology for PIX Packaging Europe price indices via an open consultation process between April 24 and May 22, 2025. This consultation was done as part of our published annual methodology review process.
No feedback was received during the consultation period and therefore no changes will be made to the methodology at this stage. This consultation sought to ensure that our methodologies continue 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 […]
This consultation, which is open until June 25, 2025, seeks to ensure that our methodologies continue 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 […]
This price assessment aims to enhance transparency in the Indonesian coke market. Fastmarkets has observed a significant volume of Indonesian coke entering the global market in recent months, establishing Indonesia as a key exporter of coke worldwide since 2023. In the first seven months of 2024, Poland, China and Indonesia were the top three coke exporters globally.  […]
The US aluminium industry is experiencing challenges related to tariffs, which have contributed to higher prices and premiums, raising questions about potential impacts on demand. Alcoa's CEO has noted that sustained high prices could affect the domestic market. While trade agreements might provide some relief, analysts expect premiums to remain elevated in the near term. However, aluminum demand is projected to grow over the long term, supported by the energy transition and clean energy projects. To meet this demand, the industry will need to increase production, restart idle smelters and address factors such as electricity costs and global competition.