Fastmarkets invited feedback from the industry on the pricing methodology for secondary aluminium, via an open consultation process which lasted from July 22 to August 18.
The
secondary aluminium prices included in this consultation were MB-AL-0005 aluminium pressure diecasting ingot DIN226/A380, delivered Europe, and MB-AL-0040 aluminium alloy A380.1, delivered Midwest.
No feedback was received during the consultation period and therefore no changes will be made to the methodology at this stage.
This consultation sought to ensure that our methodology reflects the physical market, in compliance with the principles of the International Organization of Securities Commissions (IOSCO) for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.
You can find the current methodology for DIN226 and A308.1
via this link.To see all Fastmarkets' pricing methodology and specification documents, go to
https://www.fastmarkets.com/about-us/methodology.