Platts discontinues Brazil aluminum DDP Southeast all-in calculation

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

The discontinuation, which followed a period of market feedback and notification, is part of a wider review of Platts Brazil aluminum assessments, including recently introduced changes to its DDP Southeast premium coverage 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 decision to discontinue was published on Oct. 13: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/101322-platts-to-discontinue-brazil-aluminum-ddp-southeast-all-in-calculation

The following assessment has been discontinued:

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

Associated monthly and yearly averages have also been discontinued.

The all-in price was calculated as the sum of Platts assessed DDP Southeast Brazil premium (MMABS04) and the London Metal Exchange settlement for a corresponding strip.

Platts Brazil aluminum 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 to Platts_Aluminum@spglobal.com and pricegroup@spglobal.com.

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