Metals & Mining Theme, Non-Ferrous

September 27, 2023

Platts proposes to launch US A356.2 aluminum alloy assessment

Platts, part of S&P Global Commodity Insights, is proposing to launch a new daily price assessment for the US A356.2 aluminum alloy market, effective Dec. 1, 2023.

Market participants have reported the use of A356.2 increasing significantly over the last year and Platts has observed this shift. A significant price divergence has emerged between the primary A356.2 alloy market and Platts existing secondary 356 alloy assessment (MMAAB00), and initial market feedback indicates that A356.2 is also considered a good tool to price other structural alloys, such as A365. Based on typical trading patterns, A356.2 would be assessed as a differential to the Platts US Midwest Transaction price for P1020 aluminum (MMAAF10).

Proposed specifications regarding quality, quantity, dimensions, incoterms, location, timing, payment, and unit of measure would be as follows:

Assessment US A356.2 aluminum alloy
Published Daily
Origin Any origin
Quality 7% Si, 0.1% Fe, 0.25% Cu, 0.25-0.45% Mn, 0.4% Mg, 0.1% Zn, 0.2% Ti
Quantity Full truckload
Dimensions Ingot
Incoterms and location DDP US Midwest (ex-works can be normalized)
Timing Delivery within 30 days
Payment Net 30 days
UOM cents/lb
Assessment timestamp 4:00 pm US Eastern Time

Platts invites feedback on this proposal to Platts_Aluminum@spglobal.com and pricegroup@spglobal.com by Oct. 10, 2023.

For written comments, please provide a clear indication if they 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.