PRICING NOTICE: Open consultation on secondary aluminium assessments going through IOSCO audit

Fastmarkets is inviting feedback from the industry on the pricing methodology for MB-AL-0005 aluminium pressure diecasting ingot DIN226/A380, delivered Europe, and MB-AL-0040 aluminum alloy A380.1, delivered Midwest, as part of a methodology review process to meet the International Organization of Securities Commissions (IOSCO) principles.

July 22, 2021

By Justin Yang

This consultation, which is open until August 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.

You can find the current methodology for DIN226 and A308.1 via this link.

Please send responses in writing, preferably in electronic format, to the following address: pricing@fastmarkets.com. Please add the subject heading ‘DIN226 and A380.1 methodology review, 2021.’ Please specify whether your response is confidential. Opinions offered in confidential responses may be referenced but will not be attributed in any way.

Fastmarkets will publish the outcome of this methodology review by August 20, 2021, including a summary of the feedback – with the exception of those responses marked as confidential. Any proposals to make material changes, discontinue or launch prices will involve a separate market consultation, the length of which will depend on how substantial the change is.

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