Amendment to aluminium low-carbon differential P1020A, Europe

After a consultation period, which closed on November 26, Fastmarkets will amend the timing window for its low-carbon P1020 differential to include any transaction data concluded within up to 18 months, from up to three months previously.

The extension of the timing window will allow for an inclusive approach to the evolving low-carbon marketplace, allowing Fastmarkets to capture all reported transactions data under one robust differential.

The new specification is listed below:

MB-AL-0381 Aluminium low-carbon differential P1020A, Europe, $/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:Up to 18 months
Unit: USD per tonne
Publication: Monthly, first Friday of the month, 4pm London.
Note: Includes spot and contract liquidity

The following inferred prices will be affected by this amendment:

MB-AL-0377 Aluminium P1020A premium, in-whs dup Rotterdam, inferred low-carbon midpoint, $/tonne
MB-AL-0378 Aluminium P1020A premium, in-whs dp Rotterdam, inferred low-carbon midpoint, $/tonne

This differential is a part of the Fastmarkets base metals package.

To provide feedback on this amendment, or if you would like to provide price information by becoming a data submitter, please contact Imogen Dudman by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Imogen Dudman re: low-carbon aluminium.”

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, please go to https://www.fastmarkets.com/methodology.

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