SUBSCRIBER NOTE: Platts to launch assessments for Brazil P1020 aluminum

Following a period of industry feedback, Platts will launch spot aluminum price assessments for the Brazilian market, to capture the tradable spot value for both imports and domestically traded aluminum. In order to give ample time for full consideration of all feedback, the launch date has been re-set to May 30.

The specifications will be as follows:

Aluminum CIF Brazil premium duty unpaid -- Weekly premium or discount to the LME cash settlement price for spot physical high-grade aluminum P1020A, 99.7% Al purity, standard ingot, sow and T-Bars. Assessed once per week, typically on Friday, in dollars per mt, the value will reflect the typical transactable value as of week's end, based on a weekly survey of producers, traders and consumers of P1020 active in the spot market. Assessment basis CIF Brazil (to include major ports Santos/SP, Itajai/SC, Itaguai/RJ and Sao Francisco do Sul/SC), duty unpaid, VAT not included (ICMS, PIS/Cofins and IPI), delivery within 30-60 days, typical volumes up to 2,000 mt, payment net-30 days. Prices for volumes, grade, shape or payment terms that differ from the standard specification may be normalized to the typical range. FOB values from exporting regions may also be considered in the assessment process. Platts monitors the market throughout the week and considers in its assessments all of the information provided regarding deals, bids and offers in the market, reflecting in its assessment the tradable value as of Friday.

Aluminum Premium delivered SE Brazil -- Weekly premium or discount to the LME cash settlement price for spot physical high-grade aluminum P1020A, 99.7% Al purity, standard ingot, sow and T-Bars. Assessed once per week, typically on Friday, in dollars per mt, the value will reflect the typical transactable value as of week's end, based on a weekly survey of producers, traders and consumers of P1020 active in the spot market. Delivery within 30 days to customers' works in the Southeast region of Brazil (including Sao Paulo, Rio de Janeiro, Minas Gerais and Espirito do Santo), duty-paid, VAT not included (ICMS, PIS/Cofins and IPI). Payment terms net-7 to net-10 days, based on a typical order size of 100 mt. Other shapes, grades, locations, delivery periods, volumes and payment terms may be normalized to this standard specification. Platts monitors the market throughout the week and considers in its assessments all of the information provided regarding deals, bids and offers in the market, reflecting in its assessment the tradable value as of Friday.

Aluminum Brazil Market, delivered SE Brazil -- Weekly assessment of the all-in delivered value of spot physical high-grade aluminum P1020A, 99.7% Al purity, standard ingot, sow and T-Bars. Assessed once per week, typically on Friday, in dollars per mt, reflecting the typical transactable value as of week's end, based on a weekly survey of producers, traders and consumers of P1020 active in the spot market. Delivery within 30 days to customers' works in the Southeast region of Brazil (including Sao Paulo, Rio de Janeiro, Minas Gerais and Espirito do Santo), duty-paid, VAT not included (ICMS, PIS/Cofins and IPI). Payment terms net-7 to net-10 days, full-truckload, 25 mt. Other shapes, grades, delivery periods, locations, volumes and payment terms may be normalized to this standard specification. Platts monitors the market throughout the week and considers in its assessments all of the information provided regarding deals, bids and offers in the market, reflecting in its assessment the tradeable value as of Friday.

The price assessments will be published in Platts Metals Alert, Platts Metals Daily and Metals Week, as well as in the Platts Monthly Price Report. Any further questions or comments should be directed to Adriana.carvalho@platts.com or Karen.mcbeth@platts.com, with a cc to pricegroup@platts.com