SUBSCRIBER NOTE: Platts to launch daily CIF NOLA alumuminum premium

Following a period of industry feedback, S&P Global Platts will assess a new daily spot price assessment reflecting P1020 aluminum trading on a CIF New Orleans basis, effective February 1, 2018. The assessment will reflect the premium or discount, in dollars/mt to the LME price for P1020 grade aluminum on a CIF New Orleans basis, free out, duty-unpaid, taking into account breakbulk cargoes, in typical spot cargo sizes, normalized to 10,000 mt for price assessment purposes, for arrival 30-60 days from assessment date, payment terms cash against documents (CAD). The CIF New Orleans assessment will consider market inputs on a CIF Mobile or CIF Houston basis for normalization to CIF New Orleans basis. Platts will also publish a cents/lb conversion and a derived NOLA to the Midwest Transaction Premium (MMAKE00) differential. Any further questions or feedback may be directed to Karen.mcbeth@spglobal.com, Tina.allagh@spglobal.com and Sarah.baltic@spglobal.com and pricemethodology@platts.com. For written comments, please provide a clear indication if comments 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.