SUBSCRIBER NOTE: Platts changes methodology for US Aluminum Market price

Effective May 1, Platts has increased the frequency and changed the methodology for its all-in US Aluminum Market price assessment for P1020A (symbol MMAAE00).

The Platts US Aluminum Market price assessment reflects the all-inclusive, delivered US Midwest price for P1020A, 99.7% purity high-grade aluminum, for delivery within 30 days, net-30 day payment terms. The assessment takes into account all P1020 trading data obtained through the Platts daily survey of P1020 activity, giving priority to any spot physical all-in transactions, bids or offers.

In the absence of all-in market information, Platts collects a wide range of other relevant market data, including, but not limited to, prevailing exchange-traded values plus applicable premiums for delivery to a typical-freight US Midwest aluminum user. These values take into account exchange cash values at 2 pm US EST, to capture values more closely aligning with the timing of US deals. The assessment is normalized to delivery in the middle of the Platts typical window of 7-30 days using the prevailing Cash to M3 or month-to-month structure. Other specifications align with those for the US Transaction premium.

Any further questions or feedback on the methodology change may be directed to Karen McBeth, karen.mcbeth@platts.com, with a cc to PriceGroup@platts.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.