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
Fastmarkets proposes to amend the chemical specifications and names of its CIF, FOB and FOT 37% manganese ore indices.
The publication of Fastmarkets’ lithium, iron ore and Chinese ferrous prices for Monday April 22 were delayed because of technical issues.
Fastmarkets has corrected the pricing rationale for MB-AL-0302 aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region), $/tonne, which was published incorrectly on Friday April 19. No prices were corrected.
The low-carbon aluminium differential in the US made its first move on Friday April 5 since Fastmarkets launched it five months ago.
Fastmarkets proposes to amend the specifications of five of its steel products assessments and billet index originating from the Black Sea basin.
Fastmarkets launched a suite of CIF India aluminium scrap prices on Wednesday April 17.