Platts to discontinue Brazil aluminum DDP Southeast all-in calculation

Platts, part of S&P Global Commodity Insights, has decided to discontinue its weekly Brazil aluminum DDP Southeast all-in calculation, effective Dec. 29.

The decision, following a period of market feedback, is part of a wider review of Platts Brazil aluminum assessments, including a change to its existing DDP Southeast premium specifications to capture the growing importance of ICMS tax in Brazilian domestic P1020 transaction prices.

Platts first proposed the discontinuation on Sept. 23: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/092322-platts-proposes-to-discontinue-brazil-aluminum-ddp-southeast-all-in-calculation

The following assessment is affected by the discontinuation:

Aluminum transaction price DDP Southeast Brazil (all-in); MMADB04

Associated monthly and yearly averages will also be discontinued. The all-in price is calculated as the sum of Platts assessed DDP Southeast Brazil premium (MMABS04) and the London Metal Exchange settlement for a corresponding strip.

The assessments are published in Platts Metals Daily, Platts Metals Week Supplement, and Platts Metals Alert on page PMA 17, and in the Platts database.

The full nonferrous methodology and specifications guide can be found here: https://www.spglobal.com/commodityinsights/PlattsContent/_assets/_files/en/our-methodology/methodology-specifications/global_nonferrous.pdf.

Please send comments and questions on this decision to Platts_Aluminum@spglobal.com and pricegroup@spglobal.com.

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.