Platts launches daily European aluminum scrap assessment

Platts, part of S&P Global Commodity Insights, has launched a new daily price assessment for the European high-grade auto shred aluminum scrap market, effective Jan. 2, 2024.

European market participants have sought greater transparency of aluminum scrap pricing as they seek to use more recycled content to meet decarbonization goals. The assessment brings additional transparency to the market for high-grade auto shreds, also known as floated fragmentizer scrap.

Platts initially proposed the new assessment on Dec. 1, in a subscriber note available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/120123-platts-proposes-to-launch-daily-european-aluminum-scrap-assessment

Following market feedback, Platts revised quality specifications from the original proposal in a subscriber note published Dec. 15:

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/121523-platts-to-launch-daily-european-aluminum-scrap-assessment

The new assessment reflects the following specifications:

The assessment is published in Platts Market Data and in the Platts price database under the symbols listed above. It will be added to the Platts Metals Daily and included on pages MTL4310 and PMA4310 of Platts Nonferrous Alert from Jan. 22. The monthly average will be published on pages MTL4311 and PMA4311.

Please submit any feedback, comments or questions to Platts_Aluminum@spglobal.com and pricegroup@spglobal.com

For written comments, please provide a clear indication if they are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.