Following a month-long industry consultation, the new prices will be published at 3-4pm UK time on the first Thursday of the month, starting from April 4.
They include monthly assessments for aluminium anode-grade calcined petroleum coke in the United States and China, which will help bring more visibility in the aluminium cost curve since the material is a critical ingredient in the production of aluminium.
Fastmarkets will also assess aluminium 6063 extrusion conversion margins in Germany and the US, as well as 1050/5052 sheet product margins in Germany and the US and 5000 sheet margins in China – complementing Fastmarkets’ current coverage of the global aluminium supply chain.
Fastmarkets MB’s research team previously published indicative prices for these seven markets and today the Fastmarkets pricing team starts publishing price assessments in line with IOSCO standards and benchmark regulations.
The addition of these prices will reinforce Fastmarkets’ position as the leading global aluminium benchmark provider by offering further options for subscribers and by bringing transparency to the aluminium market at a time of great price volatility.
These monthly prices will be available across the Fastmarkets MB price book, Excel add-in and Mydesk platforms.
The price specifications are listed below:
Calcined pet coke (petroleum)
United States
Assessment: Calcined petroleum coke, fob US Gulf coast
Grade: Aluminium anode grade, 3% sulfur
Quantity: Min 5,000 tonnes
Unit: USD/tonne
Location: FOB US Gulf coast
Timing: Within 4 weeks
Publication: Monthly, first Thursday of the month, 3-4pm London time
China
Assessment: Calcined petroleum coke, fob China.
Grade: Aluminium anode grade, 3% sulfur
Quantity: Min 5,000 tonnes
Location: FOB China
Unit: USD/tonne
Timing: Within 4 weeks
Publication: Monthly, first Thursday of the month, 3-4pm London time
Extrusion aluminium products
Europe
Assessment: Aluminium 6063 extrusion conversion margin, ex-works Germany
Grade: Standard extruded shapes and dimensions
Quantity: Min 500kg
Location: Ex-works Germany
Unit: USD/tonne
Timing: Within 4 weeks
Payment terms: 30-day payment terms, other terms normalized
Publication: Monthly, first Thursday of the month, 3-4pm London time
Notes: Margins are on top of LME cash prices and Fastmarkets MB’s all-in in-warehouse Rotterdam duty-paid extrusion billet premium, which includes the P1020A premium and the billet premium for converting metal to billet.
United States
Assessment: Aluminium 6063 extrusion conversion margin ex-works US Midwest
Grade: Standard extruded shapes and dimensions
Quantity: Min 500kg
Location: Ex-works US Midwest
Unit: US cents/lb
Timing: Within 4 weeks
Payment terms: 30-day payment terms, other terms normalized
Publication: Monthly, first Thursday of the month, 3-4pm London time
Notes: Margins are on top of LME cash prices, Fastmarkets MB’s US Midwest billet premium and Fastmarkets MB’s US Midwest P1020A premium.
Flat-rolled aluminium products
Europe
Assessment: Aluminium FRP 1050 sheet conversion margin ex-works Germany
Grade: 1050 H14 sheet 1.25-1.5 by 2m; Gauge 1.0-3mm. Margins for coil accepted and netted back to sheet if possible
Quantity: Min 5 tonnes
Location: Ex-works Germany
Unit: USD/tonne
Timing: Within 4 weeks
Payment terms: 30-day payment terms, other terms normalized
Publication: Monthly, first Thursday of the month, 3-4pm London time
Notes: Margins are on top of LME cash prices and Fastmarkets MB’s P1020A in-warehouse Rotterdam duty-paid premium.
United States
Assessment: Aluminium FRP 5052 sheet conversion margin ex-works US
Grade: 5052 H32 smooth sheet 1.25-1.5x2m; gauge: 1.0-3mm. Margins for coil accepted and netted back to sheet if possible
Quantity: Min 5 tonnes
Location: Ex-works US; other locations normalized if possible
Unit: US cents/lb
Timing: Within 4 weeks
Payment terms: 30-day payment terms, other terms normalized
Publication: Monthly, first Thursday of the month, 3-4pm London time.
Notes: Margins are on top of LME cash prices and Fastmarkets MB’s P1020A US Midwest P1020A duty-paid premium.
China
Assessment: Aluminium FRP 5000 sheet conversion margin ex-works China
Grade: 5000 export indicator price. H32 1.25-1.5 by 2m; Gauge 1.0-3mm. Margins for coil accepted and netted back to sheet if possible
Quantity: Min 5 tonnes
Location: ex-works China
Unit: USD/tonne
Timing: Within 4 weeks
Payment terms: 30-day payment terms, other payment terms normalized
Publication: Monthly, first Thursday of the month, 3-4pm London time
Notes: Margins are on top of LME cash prices.
If you would like to contribute pricing data by becoming a data submitter or have any questions regarding the seven newly-launched prices, please contact Perrine Faye by email at pricing@fastmarkets.com. Please add the subject heading ‘FAO: Perrine Faye, re: CPC, FRP and extrusion prices’.
To see all Fastmarkets’ pricing methodology and specification documents go to https://www.metalbulletin.com/prices/pricing-methodology.html.