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 the affected prices was delayed for 50 minutes. The following indices were published late: MB-MNO-0001 Manganese ore high grade index, cif Tianjin, $ per dmtu MB-MNO-0002 Manganese ore semi carbonate index, 36.5% Mn, fob Port Elizabeth, $/dmtu MB-MNO-0003 Manganese ore semi carbonate index, 36.5% Mn, cif Tianjin, $/dmtu These prices are a part of the […]
Fastmarkets proposes to amend the specifications of its weekly price assessment for MB-STE-0037 steel rebar domestic exw Italy to better reflect the material traded in the market.
LME copper prices took a significant hit following US President Donald Trump's announcement of a potential 50% tariff on copper imports. The uncertainty surrounding the timeline and implementation of the tariff has left market participants hesitant, with analysts noting its immediate impact on price momentum and trading activity.
The purpose of this review is to ensure that the index continues to accurately reflect prevailing market conditions. We welcome feedback from industry participants on potential amendments to the base specification. This consultation, which is open until August 9, 2025 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in […]
Fastmarkets has launched MB-AL-0424 Aluminium P1020A premium, fob Indonesia, $/tonne on July 9 due to an expected increase in Indonesia-origin aluminium exports. MB-AL-0424 Aluminium P1020A premium, fob Indonesia, $/tonneQuality: P1020A or 99.7 % Minimum Al purity (Si 0.10% max, Fe 0.20% max) in line with LME specifications. Ingot, T-bar, sowQuantity: Min 500 tonnesLocation: FOB IndonesiaTiming: […]
Information came to light that mill buying offers had been adjusted for July following Fastmarkets’ settlement of these prices on that date, leading to an incorrect published assessment for the following grades: MB-STE-0789 Steel scrap No1 heavy melting, consumer buying price, fob Montreal, Canadian $/net ton was previously published at C$245 ($179.41) per net ton, a C$10 […]