PRICING NOTICE: Discontinuation of Turkey aluminium primary foundry alloy silicon 7 ingot premium

Fastmarkets is discontinuing its aluminium primary foundry alloy (PFA) silicon 7 ingot premium, cif dup over P1020A turkey

The decision follows the end of a four-week consultation period which closed on Friday, February 4.

During the consultation period, the majority of the market agreed with the discontinuation due to a consistent lack of spot liquidity for the Turkey PFA premium.

No changes are proposed for the Germany and Eastern Europe PFA premiums because liquidity and engagement remain strong in those markets. These premiums will next be published on Friday, February 11.

Fastmarkets will continue to monitor the Turkey PFA market, with the potential to re-introduce the cif dup premium if sufficient liquidity develops over time.

To provide feedback on this proposal, or if you would like to provide price information by becoming a data submitter, please contact Alice Mason by email at: pricing@fastmarkets.com. Please add the subject heading ‘FAO: Alice Mason, re: Aluminium primary foundry alloy silicon 7 ingot premium, cif dup over P1020A Turkey’.

To see all Fastmarkets’ pricing methodology and specification documents go to https://www.fastmarkets.com/about-us/methodology.

What to read next
Random Lengths is inviting feedback from the industry on pricing methodologies for Random Lengths and Random Lengths International as part of its annual methodology review process.
Fastmarkets launches MB-CU-0513 copper cathode equivalent grade (EQ), cif Southeast Asia, $/tonne on Tuesday February 20.
Fastmarkets is inviting feedback from the industry on the pricing methodology for its steel billet import, cfr Manila, $/tonne, assessment, as part of its announced annual methodology review process.
Fastmarkets proposes to launch a steel billet import, CFR Indonesia price assessment.
Fastmarkets FOEX would like to thank for the feedback received during the consultation period. It was fully supportive to our current methodology. To summarize, this open consultation does not lead to material changes in the current methodology. A newly dated methodology document will be soon posted.
No feedback was received during the consultation period and therefore no changes will be made to the methodologies 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 […]