SUBSCRIBER NOTE: S&P Global Platts proposes to add US CIF NOLA aluminum premium assessment

S&P Global Platts is proposing to assess a new daily spot price assessment reflecting P1020 aluminum trading on a CIF New Orleans basis. Platts is seeking feedback on this proposal by December 29, 2017, and would launch the new assessments on February 1, 2018. The assessment would reflect the premium or discount, in dollars/mt to the LME price for P1020 grade aluminum on a CIF New Orleans basis, free out, duty-unpaid, taking into account breakbulk cargoes, in spot cargo sizes of 5,000-30,000 mt, normalized to 10,000 mt for price assessment purposes, for arrival 30-60 days from assessment date, payment terms cash against documents (CAD). The CIF New Orleans assessment would consider market inputs on a CIF Mobile or CIF Houston basis for normalization to CIF New Orleans basis. Platts would also publish a cents/lb conversion and a derived NOLA to the Midwest Transaction Premium (MMAKE00) differential. Please send all questions and feedback to Karen.mcbeth@spglobal.com, Tina.allagh@spglobal.com, Sarah.baltic@spglobal.com and pricemethodology@platts.com by December 29, 2017. 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.