08 Sep 2014 | 10:20 UTC — Singapore

SUBSCRIBER NOTE: Platts proposes to discontinue daily IW Singapore aluminum premium

Platts is proposing to discontinue publication of the daily In-warehouse Singapore Aluminum Premium assessment for aluminum P1020A (Platts symbol MMAMY00) on December 31, 2014. Preliminary market research shows that an in-warehouse Singapore basis is not being widely used by the market as a pricing reference for aluminum, and Platts plans to focus on its CIF Japan aluminum P1020 benchmarks, while seeking feedback on premium assessments for China, South Korea or other references that better reflect trading in the region. With the discontinuation of the in-warehouse Singapore aluminum premium assessment, Platts will also cease to publish the daily In-warehouse Singapore Fixed Price Equivalent for Aluminum (MMASW00), which is an automated price based on current LME aluminum price plus the assessed aluminum premium. Should the discontinuations be finalized after further industry consultation, the final publication of these prices will be on December 31, 2014. Please send questions and feedback to yuencheng.mok@platts.com and pricegroup@platts.com by October 1, 2014. 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.