Open consultation on aluminium billet and P1020A assessments submitted for IOSCO audit

Fastmarkets is inviting feedback from the industry on the pricing methodology for its European 6063 aluminium billet and aluminium P1020A premiums, as part of a methodology review process to meet International Organization of Securities Commissions (Iosco) principles.

This consultation, which is open until April 18, seeks to ensure that our methodologies reflect the physical market, in compliance with the Iosco principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.

Fastmarkets is putting the MB-AL-0302 aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region) and MB-AL-0300 aluminium 6063 extrusion billet premium, ddp Italy (Brescia region) through the Iosco audit process.

The new methodology can be found here.

Fastmarkets is also putting the MB-AL-0316 aluminium P1020A premium, fca dp Italy premium through Iosco audit. Fastmarkets has therefore updated the aluminium P1020A premiums methodology to include the Italy premium.

This methodology already includes:

  • MB-AL-0346 – Aluminium P1020A premium, in whs dup Rotterdam
  • MB-AL-0004 – Aluminium P1020A premium, in whs dp Rotterdam
  • MB-AL-0343 – Aluminium P1020A (MJP) spot premium, cif Japan
  • MB-AL-0020 – Aluminium P1020A premium, ddp Midwest US

The updated P1020A methodology can be found here.

What to read next
An incorrect EUR/USD exchange rate, used to convert the cost of inputs priced in euros to US dollars, caused the prices to be calculated incorrectly. This has now been rectified. The following prices were affected: AG-SAF-0004 Sustainable aviation fuel (SAF max), base cost, exw Netherlands, $/tonnePublished incorrectly as: $2,995 per tonneCorrected to: $1,996 per tonne […]
The publication of Fastmarkets’ European aluminium billet premiums assessments for Friday February 6 was delayed because of a procedural error. Fastmarkets’ pricing database has been updated.
Fastmarkets has corrected its MB-GD-0001 Gadolinium oxide 99.99%-99.999% fob China, $/kg price, which was published incorrectly.
Fastmarkets launches MB-STE-0951 Steel hot-rolled coil index, fob mill Canada on Thursday February 5.
The consultation, which is open until Friday March 6, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for steelmaking raw materials, 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 […]
The price subject to this annual review is Fastmarkets’ MB-STE-0141 steel billet import, cfr Manila, $/tonne.​This consultation, which is open until Friday March 6, seeks to ensure that our methodologies continue to reflect the physical CFR Manila steel billet market, in compliance with the International Organization of Securities Commission (IOSCO) principles for price reporting agencies (PRAs). This […]