Platts to launch new weekly DAP Mexico aluminum alloy, wheels scrap assessments

Platts, part of S&P Global Energy, will begin publishing new weekly delivered at place (DAP) price assessments for A380 and ADC12 aluminum alloys in Mexico's Bajío region, as well as clean aluminum wheels scrap in Northeast Mexico, effective the week of Nov. 9.

The new assessments expand Platts' aluminum coverage in Mexico, which currently includes old cast, old sheet, UBC, Bare 6063 and Primary Aluminum P1020 CIF Veracruz. The assessments provide localized price references for the country's automotive, diecasting, recycling and secondary aluminum industries.

Mexico is a major automotive manufacturing hub and an important part of the North American supply chain. The Bajío region is a key center for vehicle assembly, auto-parts production, die casting and Tier 1 suppliers, making it a relevant location for delivered A380 and ADC12 alloy assessments.

Northeast Mexico is well-positioned for a clean aluminum wheels scrap assessment because of its proximity to recycling networks, secondary aluminum consumers and US-Mexico cross-border trade flows.

A DAP basis reflects the delivered economics relevant to Mexican buyers and sellers, including inland freight, border logistics, regional supply and demand, import parity, local payment terms and competition among Mexican, US and overseas materials.

The specifications are as follows:

Assessment	Type	New symbol	Published	Quality	Quantity	Incoterms	Location	Timing	Payment	UOM
Aluminum A380 alloy delivered Bajío, Mexico	Assessment	MEXIB04	Weekly Monday	8-9.5% Si, 1% Fe, 3-4% Cu, 0.5% Mn, 0.1% Mg, 0.5% Ni, 2.9% Zn, 0.35% Sn	Full truckload	Delivered at place	Bajío, Mexico	Within 15 days	Net 15-30 days	Cents/lb
Aluminum A380 alloy delivered Bajío, Mexico	Calculation	MCXIB04	Weekly Monday		Full truckload	Delivered at place	Bajío, Mexico	Within 15 days	Net 15-30 days	$/mt
Aluminum ADC12 alloy delivered Bajío, Mexico	Assessment	MEXIC04	Weekly Monday	The Japanese Industrial Standard (JIS) for ADC12 aluminum alloy, specified in JIS H 5302, outlines the chemical composition as about: silicon (Si) 9.6-12.0%, copper (Cu) 1.5-3.5% and aluminum (Al) as the balance	Full truckload	Delivered at place	Bajío, Mexico	Within 15 days	Net 15-30 days	Cents/lb
Aluminum ADC12 alloy delivered Bajío, Mexico	Calculation	MCXIC04	Weekly Monday		Full truckload	Delivered at place	Bajío, Mexico	Within 15 days	Net 15-30 days	$/mt
Clean wheels delivered NE Mexico	Assessment	MEXIA04	Thursday	Clean, whole aluminum wheels from passenger vehicles with no oil; no chrome, zinc, lead or iron inserts	Full truckload, 20 mt	Delivered at place	Northeast Mexico	Within 30 days	Net 30 days	Pesos/kg
Clean wheels delivered NE Mexico	Calculation	MCXIA04	Thursday		Full truckload, 20 mt	Delivered at place	Northeast Mexico	Within 30 days	Net 30 days	Cents/lb

Platts first proposed the new weekly DAP Mexico aluminum alloy and wheels scrap assessments in a note published on Sept. 28.

The new weekly assessments, published on Mondays, will follow the Mexican publishing calendar and reflect spot market information available up to the close of the assessment window at 4:30 pm US Eastern time.

In the event of a Monday holiday, the assessment will be published on the next business day in Mexico.

Platts will additionally publish monthly averages of the new assessments and calculated prices.

Platts spot price assessments consider market information reported to Platts and published throughout the day, including firm bids and offers, transactions, indications and any other data deemed relevant to the assessment process. Market information received before the relevant assessment time stamp will be considered for the weekly assessments.

The new assessments will be published on Platts Core, Platts Metals Alert fixed pages MTL0203 and PMA0203, Metals Daily and the Platts price database.

Please send comments and questions to Metals.Mexico@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 those not marked as confidential available upon request.