Platts clarifies specifications for US nonferrous metals, related assessments

As part of its annual review of the Nonferrous metals specifications guide, S&P Global Platts wishes to clarify certain specification details for its US calcined petcoke, aluminum, base metals, PGMs and minor metals assessments, as follows:

CALCINED PETCOKE (CPC) (MMXEV00): The assessment reflects material containing 2.5%-3% Sulfur, 300-400 ppm Vanadium, loading 30-60 days forward with payment net 30-60 days after bill of lading.

ALUMINUM: All US aluminum premium assessments and all-in values, including for MW US Market (MMAAE00), MW US Transaction premium (MMAKE00), MW US Net-cash premium (MMACN00), P1020A US import duty (MMOEU00), Implied-duty-unpaid (MMOFU00), CIF New Orleans premium (MMODU00) and Six-Months premium (MMANJ04) reflect min. 99.7% high-grade aluminum, P1020A. These assessments reflect spot values at 1630 US Eastern time, apart from the last business day of the month and some US holidays. Minimum volumes are specified as 25 mt for six-month forward assessment and a full truckload for 6063 billet assessment.

ALUMINUM SCRAP: All aluminum scrap assessments are basis net-30-day payment. For the High-grade auto shreds assessment (AASSP00), Platts considers product generated through a heavy media-based separation process, containing at least 98% metallics and not more than 1% free zinc and max 0.40% magnesium, with quality comparable with the following suppliers: Huron Valley, Ferrous Processing/SLC Recycling and Fort Wayne OmniSource Corp.

COPPER: Copper assessments in the US reflect typical volumes of 200-1,000 mt against cash payments.

COPPER SCRAP: The Copper No. 1 Burnt Scrap Discount (MMACJ10) is for typical 97%-98% Cu; Copper No. Bare Bright Discount (MMACL10) is for typical 98%-99% Cu, and Copper No. 2 Birch/Cliff Scrap Scrap Discount (MMACN10) is for typical 94%-96% Cu. All copper scrap assessments reflect material delivered within 30 days from the day of publication.

LEAD: The assessments for US Premium (MMXCD00) and Lead NA Market (All-in) (MMALF01) are for 99.97% pure corroding-grade lead, max 0.025% Bi, max 0.005% Ag, max 0.001% Cu, max 0.001% Fe. For lead scrap assessments, Platts takes into account price information for material meeting standard specifications, surveying various market participants, including scrap yards.

MAGNESIUM: For the 99.8% assessments (MMAHM00 and MMAHQ00) Platts reflects material meeting standard specifications, including, but not limited to, the product delivered for consumption in the aluminum alloying and magnesium ferrosilicon segments.

NICKEL: The US Cathode Premium (MMAZM04), US Melt Premium (MMAZI04) and US Plate Premium (MMAZK04), and the associated all-in price assessments, reflect minimum 99.8% Ni and minimum 20 mt truckload.

PGMS: The NY Dealer assessments for Palladium and Platinum reflect material with a minimum 99.95% purity in sponge form. Pricing information for ingots is normalized back to the sponge form. Rhodium, Ruthenium and Iridium assessments reflect minimum 99.9% purity in sponge form.

RHENIUM: The MW NY Dealer rhenium assessment reflects material with a minimum 69.4% Re contained (ammonium perrhenate).

SELENIUM: The assessment reflects material with minimum 99.5% purity.

SILICON: The 553 delivered US Midwest assessment (MMAJM0) is for typical quantities of one-five truckloads.

TIN: The NY Dealer assessment (MMAAW10) reflects material in minimum 20 mt truckloads, available in-warehouse US within 30 days with net-30 day payment terms.

TUNGSTEN: The US Spot Ore assessment (MMAHA00) reflects 65% minimum WO3, and the US APT assessment (MMAHC00) reflects a minimum 88% WO3.

Please submit any feedback, comments or questions about this notice to: PL_Americas_Metals@spglobal.com and pricegroup@spglobal.com

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