Proposal to launch all-in CME-based low-carbon aluminium price for the US

This would be a new all-in price for low-carbon aluminium P1020A based on the Chicago Mercantile Exchange Group’s COMEX one-month price. Fastmarkets is proposing to launch this price to give the market increased options for formulas tied to underlying exchanged-based prices.

This all-in price will include Fastmarkets’ low-carbon differentials in the US.

The proposed specifications are as follows:

Aluminium low-carbon P1020A all-in price, CME-based, delivered Midwest US, US cents/lb
Carbon limit: 4tCO2e per tonne of aluminium produced, Scope 1 and 2 emissions
Quality: P1020A or 99.7% minimum Al purity (Si 0.10% max, Fe 0.20% max). Ingot, T-bar, sow
Location: Delivered consumer works Midwest
Unit: US cents per lb
Quantity: 100 tonnes
Publication: Daily
Note: COMEX aluminium one-month price plus Fastmarkets Midwest aluminium premium plus Fastmarkets low-carbon aluminium P1020 differential

This price will be a part of the Fastmarkets base metals data license package.

The consultation period for this proposed launch starts from Thursday August 15, and will end on Monday September 16, with an update published on that day. The launch will take place, subject to market feedback, on Monday September 23.

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

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.