Platts will not introduce fallback mechanism for CIF Japan Aluminum Quarterly Premium assessment

Following market feedback, after an extended consultation period, S&P Global Platts has decided not to introduce a fallback mechanism for the CIF Japan Aluminum Quarterly Premium assessment (AAFGA00).

Platts had requested feedback on the introduction of a fallback mechanism, which would be available even in the case of delayed or failed negotiations. This effort came after extended delays in negotiations during the second and third quarters of 2020.

Market feedback was that there was no need for such a fallback mechanism.

Both the CIF Japan Aluminum Quarterly Premium assessment (AAFGA00) and the Platts daily CIF Japan Spot Premium assessment (MMANA00) will remain unchanged.

Platts will continue to review market conditions and engage with the industry on future proposals to ensure our methodology remains up-to-date and relevant.

Market participants are invited to send any feedback on this and any other aspects of the aluminum methodology to platts_mjp_moc@spglobal.com and pricegroup@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.