Extension of consultation for launch of low-carbon differential for P1020 aluminium, Europe
The original consultation notice can be found here.
The initial proposal indicated a launch on Friday October 4, subject to market feedback. But following considerable industry response, Fastmarkets is now extending the consultation window to allow time to consult further on market views.
The proposed specification is as below:
Aluminium low-carbon differential P1020A, 3-12 months, Europe, $ per tonne
Carbon limit: 4tCO2e per tonne of aluminium produced, Scope 1 and 2 emissions
Quality: P1020A or 99.7% minimum Al purity (Si 0.10% max, Fe 0.20% max). Ingot
Quantity: Min 100 tonnes
Location: Europe
Timing: Between 3 and 12 months
Unit: USD per tonne
Publication: Monthly, first Friday of the month, 4pm London.
The proposed launch in this consultation would not affect this assessment:
MB-AL-0381 Aluminium low-carbon differential P1020A, Europe, $ per tonne.
Nor would it affect these P1020A inferred prices:
MB-AL-0377 Aluminium P1020A premium, in-whs dup Rotterdam, inferred low-carbon midpoint, $ per tonne
MB-AL-0378 Aluminium P1020A premium, in-whs dp Rotterdam, inferred low-carbon midpoint, $ per tonne.
This price would be part of the Fastmarkets base metals package.
The extended consultation period for this proposed launch starts on Thursday October 3 and will now end on Thursday October 17. The launch will then take place, subject to market feedback, on Friday November 1.
To provide feedback on this proposed launch, or if you would like to provide price information by becoming a data submitter to this proposed differential, please contact Imogen Dudman by email at pricing@fastmarkets.com. Please add the subject heading “FAO: Imogen Dudman re: Aluminium low-carbon differentials.”
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.
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