05 Jun 2020 | 12:34 UTC — New York

Platts clarifies specifications for some Asian nonferrous metals assessments

As part of its annual review of the nonferrous metals specifications guide S&P Global Platts would like to provide further clarity on the specification details for some of the nonferrous metals assessments in Asia.

ALUMINA:

• All seaborne alumina assessments (MMWAU00, MMWAD04, MMALZ00, MMACA00) reflect cargoes of 30,000 mt and 35,000 mt.

• All alumina assessments are published on a daily basis, apart from the FOB Brazil differential (MMWAD04), which is assessed and published every Thursday.

• The ex-works China assessment (MMXWC00) reflects material loading within 7 days, against cash payment.

ALUMINUM:

• The CIF Japan assessments and calculations (MMANA00, MMJAL00, AAFGA00, MMJAQ00) reflect deliveries of 25kg ingots, sows and T-bars; payment terms - cash against documents or cash within 3 days of B/L.

• The spot all-in price (MMJAL00) is calculated as a sum of futures cash settlement and the assessed spot CIF Japan premium.

• The quarterly MJP premium and all-in prices (AAFGA00, MMJAQ00) reflect the majority of concluded quarterly contract price settlements for annual long-term contracts for each calendar quarter.

ALUMINUM ALLOYS:

• The ADC12 China assessments (AAVSI00, AAVSI02, AAVSJ00) reflect material conforming to current JIS standard in minimum 25 mt lots, loading within 14 days against telegraphic transfer payment within 5 days/1 week of BL received.

• The FOB China assessment (AAVSJ00) reflects material loading in Shanghai or Tianjin.

COPPER:

• The C&F China prices (MMAMK00, MMAMJ00, MMCSC00, MMCUC00) reflect product in minimum 100 mt, delivered 2-8 weeks forward from the date of publication against 30-day letter of credit.

COBALT SULFATE:

• In the absence of information for the international market, the CIF North Asia assessment (BATCO04) is assessed as an import parity calculation from the domestic Cobalt sulfate DDP China price.

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