SUBSCRIBER NOTE: Platts proposes payment-term change for Mexico aluminum scrap assessments

S&P Global Platts proposes to change the payment terms for its Mexican aluminum scrap assessments to net-7 days from the current net-30 days, from July 6, 2017.

The change is being proposed to better reflect the standard credit terms used by most market participants in spot negotiations.

It would apply to four assessments: aluminum old cast delivered NE Mexico (code AAXXA04 for the pesos/kg value and AAXUA04 for the cents/lb conversion); aluminum old sheet delivered NE Mexico (AAXXB04 for pesos/kg and AAXUB04 for cents/lb); aluminum UBCs delivered NE Mexico (AAXXC04 for pesos/kg and AAXUC04 for cents/lb); and aluminum 6063 new bare scrap delivered NE Mexico (AAXXD04 for pesos/kg and AAXUD04 for cents/lb).

Please submit any feedback, comments or questions about this proposal to Henrique Ribeiro (henrique.ribeiro@spglobal.com) or Adriana Carvalho (adriana.carvalho@spglobal.com), copying in pricemethodology@spglobal.com by June 1, 2017.

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.