Platts corrects 99.7% P1020 US Aluminum Transaction Premium rationale for April 22

Platts, part of S&P Global Commodity Insights, has corrected the rationale for the spot 99.7% P1020 US Aluminum Transaction Premium for April 22, which incorrectly stated there was an outstanding bid.

The daily US Aluminum Transaction Premium assessment on April 22 was not impacted by the correction.

The corrected rationale should read as follows:

The Platts spot 99.7% P1020 US Aluminum Transaction Premium was assessed at 39.35 cents/lb plus LME cash, delivered Midwest, net-30-day payment terms, on April 22, down from 39.65 cents/lb previously.

The most competitive offer level left open at the close in the Platts Market on Close assessment process, reported by Gunvor SA, was 39.40 cents/lb over LME average April 29-May 22, delivery via truck April 29-May 22, non-Russian LME-deliverable t-bar/low-profile sow shape at seller's option, net-30-day payment terms. Gunvor SA had two offers at this same level open at the close; one for 200 mt and one for 500 mt.

The range of indicative values heard on the day was 38-45 cents/lb.

No market data was excluded from the April 22 assessment.

This rationale applies to the market data symbol MMAKE00.