SUBSCRIBER NOTE: Platts clarifies specifications for US aluminum A380 alloy assessment

S&P Global Platts wishes to clarify existing methodology practices for its US A380 secondary aluminum alloy assessment.

The methodology for the Platts US A380 secondary aluminum alloy assessment is being clarified to explain what is standard practice with regard to assessment timings, changes during holiday weeks and A380 specifications.

The new assessment description is as follows:

US Aluminum A-380 Alloy: Twice-weekly price assessment for A380 secondary aluminum alloy that reflects the following chemistry and terms: 8-9.5% Si, 1% Fe, 3-4% Cu, 0.5% Mn, 0.1% Mg, 0.5% Ni, 2.9% Zn, and 0.35% Sn, for spot delivery to US Midwest customer works, payment net-30 to net-60 days, minimum 45,000-lb truckload amounts. The price assessment is for new A380 specification alloy produced by smelters with reverberatory furnaces, not warehoused LME North American Special Aluminium Alloy Contract (NASAAC) material. The assessment midpoint represents the spot market tradeable value of delivered prices. It is derived from a survey of US secondary aluminum smelters, diecasters, foundries, automotive companies, traders and brokers. The assessment is carried out twice-weekly on Mondays and Thursdays, except in the case of national holidays, where it may be assessed on the next-closest business day. During certain holiday weeks where market activity is more limited, the assessment is carried out once per week. More information on when the holiday schedule affects the price assessment frequency can be found here: http://www.platts.com/holiday.

Platts wishes to remind market participants that its A380 secondary aluminum alloy assessment is time-stamped to 16:30, US East Coast time. Information received after this cut-off would not be factored into the assessment process. Please send all questions and feedback to tina.allagh@spglobal.com, karen.mcbeth@spglobal.com, sarah.baltic@spglobal.com, with a cc to pricemethodology@spglobal.com.