Proposal to amend aluminium P1020A MJP quarterly premium methodology

Fastmarkets is proposing to amend its aluminium P1020A main Japanese ports (MJP) quarterly assessment methodology.

The current methodology has a publishing deadline of the 15th day of the first month of the said quarter. Fastmarkets proposes to update this to the end of the first month of the said quarter.

This is due to the settlement taking place later than usual — in the first month of the contract quarter — in recent quarters throughout 2022.

The settlement can still be published before the revised deadline if more than 30,000 tonnes of contracted business have been reported by a consumer, producer and trader.

The consultation will run for four weeks ending on Thursday February 16.

To provide feedback on this, or if you would like to provide price information by becoming a data submitter to the assessment, please contact Chay Chye Leng or Alice Mason by email at pricing@fastmarkets.com. Please add the subject heading “re: Aluminium MJP quarterly methodology.”

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

What to read next
Fastmarkets proposes to discontinue its weekly price assessment for steel reinforcing bar (rebar) domestic, ex-whs Northern China.
Fastmarkets launches MB-STE-0918 Electrical steel, non-grain oriented, ex-whs Eastern China, $/tonne and MB-STE-0919 Electrical steel, non-grain oriented, cfr India, $/tonne on July 19.
Steel industry participants in the United States are unclear whether Brazilian slab imports will be exempt from the 25% tariffs under Section 232 that will be levied on Mexican imports for steel that is not melted and poured in Mexico, the US or Canada, sources told Fastmarkets on Wednesday July 17
Fastmarkets has amended the name of MB-AL-0231 Aluminium P1020A all-in price, delivered Midwest US, US cents/lb as of Wednesday July 17.
Aluminum scrap generation in Europe is expected to decrease in the current quarter due to lower demand from downstream metal producers amid the domestic seasonal summer slowdown, according to the latest market overview from the Bureau of International Recycling (BIR)
The publication of Fastmarkets’ CIS steel slab, wire rod, hot-rolled and cold-rolled coil assessments was postponed by one day due to a public holiday in Ukraine on Monday July 15.