SUBSCRIBER NOTE: Platts discontinues China Aluminum Premiums; launches All-In Price

Effective October 31, 2015, Platts will no longer publish the daily Western aluminum premium C+F China (MMALQ00) and the Russian aluminum premium C+F China (MMALR00). The discontinuation of these prices follows a period of industry feedback and notification. The final assessments for these prices will be published on October 30, 2015. With the discontinuation of these prices, Platts will also cease to publish the Western aluminum fixed price equivalent C+F China price (MMALR00), as well as the Russian aluminum fixed price equivalent C+F China price (MMACR00), which are automated prices based on current LME aluminum price plus the assessed premiums. Effective November 2, 2015, Platts will launch a daily all-in formula price which will reflect the CFR China level. The proposed import price will reflect -- Current LME + Platts CIF South Korean Spot Premium x Yuan exchange rate x 17% Value Added Tax + China port charges. This can then be compared with the China domestic Shanghai Futures Exchange current front month price, as well as the various domestic spot prices for the reference spread, according to market participants' preferences. The launch of this formula price follows a period of industry feedback and notification. Any further questions should be directed to yuencheng.mok@platts.com and pricegroup@platts.com.