Proposal to amend name of US all-in aluminium price

Fastmarkets proposes to amend the name of the MB-AL-0231 Aluminium P1020A all-in price, delivered Midwest US, US cents/lb to clarify that the price is based on the London Metal Exchange cash aluminium price.

The post Proposal to amend name of US all-in aluminium price appeared first on Fastmarkets.

The new name would include the words “LME-based” as follows: 

MB-AL-0231 Aluminium P1020A all-in price, LME-based, delivered Midwest US, US cents/lb
Quality: London Metal Exchange specification P1020A or 99.7% minimum Al purity (silicon 0.10% max, iron 0.20% max 0.20%max, zinc 0.03%, gallium 0.04%, vanadium 0.03%)
Location: Delivered consumer works Midwest
Unit: US cents per lb
Quantity: 100 tonnes
Publication: Daily
Note: London Metal Exchange cash aluminium AM bid price plus AMM Midwest aluminium premium

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

The consultation period for this proposed amendment starts on Monday June 17 and ends on Wednesday July 17. The amendment will then take place, subject to market feedback, on July 19.

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: Aluminium P1020A all-in price, delivered Midwest US, US cents/lb.”

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.

The post Proposal to amend name of US all-in aluminium price appeared first on Fastmarkets.