SUBSCRIBER NOTE: Platts proposes to assess weekly South Korea aluminum premium

Platts is soliciting feedback on a proposal to add a weekly spot CIF South Korea aluminum premium assessment, beginning June 4, 2015.

The spot assessment would reflect the premium or discount to the LME cash price for P1020A basis CIF Busan, duty-unpaid, for P1020 ingots of any origin, with a typical trade volume of 500-1,000 mt.

The specifications of the metal will be P1020A to meet LME specification, 99.7% Al min, max 0.1% Si, 0.2% Fe, 0.03% zinc, 0.04% gallium, 0.03% vanadium.

The assessment would be basis CIF Busan, duty-unpaid, VAT not included, delivery in next 30 days from date of transaction, payment terms LC at sight and cash against documents.

Trades CIF Incheon will be normalized to CIF Busan, and other domestic and regional transactions may be considered for trend purposes.

Assessed once per week, on Fridays or closest business day, through a survey of producers, traders and consumers of P1020A active in the spot market.

Platts would monitor the market throughout the week and consider in its assessments all of the information provided regarding deals, bids and offers in the market, but the value reflected in the assessment would be the tradable value at the close of 4:30 pm Singapore time (0830 GMT).

The assessment would be published in Platts Metals Alert, Platts Metals Daily and Market Data category MM.

Please send all questions and feedback to joanna.lim@platts.com; yuencheng.mok@platts.com; and pricegroup@platts.com by May 6, 2015.

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.