Platts consults market on European aluminum methodology

Platts, part of S&P Global Energy, is seeking market feedback on its methodology for European aluminum as it updates incoterms for Aluminum in-Warehouse Rotterdam assessments to FCA from January 2027.

Specifically, Platts is looking for inputs on, but not limited to, the following in regard to the European aluminum duty-paid (AALVE00) and duty-unpaid assessment (AALVI00):

• Net cash payment terms (e.g. cash against conditional release versus cash against documents)
• Quotational period, pricing and delivery terms based on the exact timing, release and loading window on an FCA Rotterdam basis
• Standard volume range (currently 100-1,000 metric tons)
• Standard load points and whether they should be limited to specific warehouse locations in Rotterdam
• Differentiation between LME and non-LME grade material
• Minimum and maximum alloys beyond the current quality of min. 99.7% high-grade P1020A
• Inclusion of additional dimensions and larger shapes (e.g. sows, T-bars, etc.) alongside ingots
• High-low price assessment range versus a single close price assessment
• Reflecting carbon intensity data in the range Platts publishes based on the smelter's energy production pathway (e.g. coal, renewables, etc.), or in CO2 equivalent/mt of aluminum produced

Currently, Platts publishes a high-low assessment range and a mid-point taking into account pricing information received.

More details of the European aluminum methodology can be found in the Global Nonferrous Metals guide, available at this link.

Please send any questions, comments or feedback to EMEAMetalsTeam@spglobal.com and pricegroup@spglobal.com by Nov. 27.

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.