Proposal to amend frequency of US aluminium billet premium

Fastmarkets proposes to assess and publish the aluminium 6063 extrusion billet premium, delivered Midwest US assessment once a month, on the fourth Friday of each month, from the current fortnightly basis every other Friday.

The proposal follows initial feedback from market participants reporting low liquidity in the US aluminium billet spot market.

The proposed new specifications are listed below, with the proposed amendment of price frequency in italics:

MB-AL-0052 Aluminum 6063 extrusion billet premium, delivered Midwest US, US cents/lb
Quality: Extrusion billet AA6063. Billet with diameter of 6”, 7” and 8”
Quantity: Min 100 tonnes
Location: Delivered into US Midwest region, duty-unpaid premium on top of the P1020A ingot Midwest premium and LME cash prices
Timing: Within 2 months
Unit: US cents/lb
Payment terms: 30-day payment, other payments terms normalized
Publication: Once a month on the fourth Friday of the month, 3-4pm London time

This price is a part of the Fastmarkets base metals package.

The consultation period for this proposed amendment starts from Monday September 16 and will end on Tuesday October 15. The next price assessment will then take place, subject to market feedback, on Friday October 25.

To provide feedback on this price or if you would like to provide price information by becoming a data submitter to this price/index, please contact Yasemin Esmen by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Yasemin Esmen re: US aluminium billet.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

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