SUBSCRIBER NOTE: Platts launches daily CIF NOLA aluminum premium

S&P Global Platts has launched a new daily spot price assessment reflecting P1020 aluminum trading on a CIF New Orleans basis, effective February 1, 2018.

The assessment reflects 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 spot cargo sizes of 1,000 mt to 30,000 mt, normalized to 10,000 mt for price assessment purposes, for arrival 30-60 days from assessment date, payment terms cash against documents (CAD).

This follows a subscriber note seeking feedback on this topic published November 28.

The CIF New Orleans assessment considers market inputs on a CIF Mobile or CIF Houston basis for normalization to CIF New Orleans basis. S&P Global Platts is also publishing 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 S&P Global Platts for public viewing. S&P Global Platts will consider all comments received and will make comments not marked as confidential available upon request.