S&P Global Platts clarifies that the benchmark FOB Australia alumina assessment reflects the tradable value at 5:30 pm Singapore time daily of spot cargoes of 30,000 mt and 35,000 mt lot sizes loading from Bunbury and Kwinana.
Lot sizes of 25,000 mt from other regions may be considered for the assessment and normalized to the equivalent of 30,000 mt and 35,000 mt lot size basis.
The FOB Australia assessment carries the codes:
MMWAU00 for the daily assessment
MMWAU03 for the monthly average
MMWAU04 for the weekly average and
MMWAU16 for the yearly average.
The daily assessment and accompanying commentary and rationale reports are published in Platts Metals Daily, and on Platts Metals Alert (PMA) pages 5, 2 and 20, respectively.
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