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17 Aug 2022 | 09:17 UTC
Platts, part of S&P Global Commodity Insights, is seeking feedback on a proposal to align publication of its CIF Japan Spot Aluminum Premium and CIF Japan
Forward Quarter Aluminum Premium with the Singapore holiday schedule, beginning in 2023.
The assessments, which Platts publishes as a premium or discount to the London Metal Exchange's daily aluminum settlement price, currently follows the Japan and UK holiday calendars.
Beginning in 2023, there would be no CIF Japan aluminum spot and forward quarter premium assessments published on the following Singapore holidays or days on which those holidays are observed:
New Year's Day
Lunar New Year
Good Friday
Hari Raya Puasa
Labor Day
Vesak Day
Hari Raya Haji
National Day
Deepavali
Christmas Day
The proposal would also affect related CIF Japan aluminum assessments and calculations. All-in calculations, which add premiums or discounts assessed by
Platts to underlying settlements from the LME, would only be published on dates that are working days in both Singapore and the UK. Monthly averages of all-in prices would equal the aggregate of published values only.
The following symbols would be impacted by this proposed change:
Platts CIF Japan aluminum assessments are published in Platts Metals Daily, on pages PMA/MTL0107, PMA/MTL0108, PMA/MTL0419 and PMA/MTL0650 of Platts Metals Alert and Platts Non Ferrous Metals Alert, in the Platts Market Center, Platts Dimensions Pro and in the Platts price database under the codes listed above.
Platts invites feedback to platts_mjp_moc@spglobal.com and pricegroup@spglobal.com by Sept. 30, 2022.
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.