SUBSCRIBER NOTE: Platts clarifies use of freights, location normalization in US aluminum

S&P Global Platts wishes to clarify that it considers the latest available freight information when assessing the US Midwest aluminum market.

Freight rates are used to normalize locational differences of market information back to the Platts standard of Delivered, Duty-Paid (DDP) Midwest for its Aluminum P1020 US Transaction Premium (MMAKE00).

Trades, bids and offers that are reported to Platts as FOB, FCA, or for non-Midwest locations may be normalized for assessment purposes.

In addition, Platts uses a matrix of the typical delivery locations throughout North America and categorizes these locations as 'average', 'close', or 'extra' freights.

The 'close' or 'extra' freight locations are normalized to 'average' based on differential values determined by Platts, which are adjusted on the back of feedback on typical locational discounts or extras from active market participants.

The 'average' -- or basis -- locations include: Anderson, Lafayette and Warrick, Indiana; Berea, Russellville and Shelbyville, Kentucky; St. Louis, Missouri; Huntington, Carthage and New Johnsonville, Tennessee; Uhrichsville, Ohio; Manitowoc, Wisconsin; and Ravenswood, West Virginia.

Please send all questions and feedback to Platts_Aluminum@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.