Launch of European domestic aluminium extrusion scrap assessments - Fastmarkets

After a consultation period, Fastmarkets has launched two price assessments for aluminium scrap extrusions, also known as profiles, comprised of 6063 aluminium alloy in two qualities: clean production scrap and post-consumer scrap with maximum impurities of 5% (also known as 95/5).

The assessments will capture differentials to the London Metal Exchange aluminium price (i.e. either a premium or discount), as is typical in the market.

The specification of the new assessments are as follows:

MB-AL-0404 Aluminium scrap, clean production extrusions (6063), differential to LME, delivered consumer Europe, €/tonneQuality: Shall consist of one alloy (6063/HE9) and may contain butt ends from the extrusion process but must be free of any foreign contamination. Anodized material is acceptable.Quantity: minimum 25 tonnesLocation: Delivered consumer works, EuropeTiming: Within 4 weeksUnit: Euro per tonnePayments terms: 30 days, other payment terms normalizedPublication: Weekly, Fridays, 4pm UKNotes: ISRI code – Tata. Typical market practice is that the final price is derived by applying the differential to a future, unknown LME value, usually on a date within the month of delivery, buyer’s choice, and whichever is lower between the cash and three-month price.

MB-AL-0405 Aluminium scrap, post-consumer 95/5 extrusions (6063), differential to LME, delivered consumer Europe, €/tonneQuality: Shall consist of one alloy (6063/HE9) comprising minimum 95% of the total volume, with maximum 5% impurities. Anodized material is acceptable.Quantity: minimum 25 tonnesLocation: Delivered consumer works, EuropeTiming: Within 4 weeksUnit: Euro per tonnePayments terms: 30 days, other payment terms normalizedPublication: Weekly, Fridays, 4pm UKNotes: ISRI code – Tata. Typical market practice is that the final price is derived by applying the differential to a future, unknown LME value, usually from a date within the month of delivery, buyer’s choice, and whichever is lower between the official cash and official three-month price.

To provide feedback on these prices, or if you would like to provide price information by becoming a data submitter to these prices, please contact Ross Yeo by email at [email protected]. Please add the subject heading “FAO: [Ross Yeo], re: extrusion scrap prices.”

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.