SUBSCRIBER NOTE: Platts to keep net-30 day terms for Mexican aluminum scrap

Following a period of industry feedback, S&P Global Platts has decided to maintain the payment terms of its Mexican aluminum scrap assessments at net-30 days.

Feedback indicated by a variety of market participants across the supply chain demonstrated that there is no market standard for payment terms used by the industry. This decision follows a subscriber note on this subject published May 22, 2017, which proposed to change the base payment terms to net-7 days.

Negotiations reported at payment terms prompter than net-30 days basis will be normalized, where necessary, to net-30 day terms. This decision applies 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 subject to Henrique Ribeiro (henrique.ribeiro@spglobal.com) or Adriana Carvalho (adriana.carvalho@spglobal.com), copying in pricemethodology@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.