SUBSCRIBER NOTE: Platts changes US zinc galvanizing premium methodology

S&P Global Platts has amended the methodology for its zinc US MW SHG Galvanizer Premium assessment (MMAYI00) to better reflect the potential differential in premiums for zinc sold mainly to steel galvanizers in the larger-dimension shape known as "strip jumbos." The change goes into effect with the January 5, 2017 assessment. The new specification reflects the weekly assessment of the spot premium or discount to the LME SHG zinc cash settlement price for zinc in jumbo form, with typical physical properties including weight of 2,426 lb (1,100 kg), length of 31.5 inches (80 cm), depth of 20 inches (50 cm) and height of 20 inches (50 cm), including special high-grade zinc with composition of 99.995% Zn or continuous galvanizing grade containing 0.22% to 1.10% aluminum. The assessment is normalized to a typical spot quantity of 1-2 railcars, or 4-9 truckloads, delivered US Midwest, net-30-day-payment terms. The name of the assessment has changed to Zinc US Galvanizer Premium from the previous Zinc MW SHG Galvanizer Premium. Please submit any feedback, comments or questions about this proposal to: Laura Gilcrest, laura.gilcrest@spglobal.com; Karen McBeth, karen.mcbeth@spglobal.com and pricemethodology@spglobal.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.