There was a sentence missing from the rationale explaining that inputs from previous sessions were considered on Thursday, as to not depend on a single source proving 50% or more of the data.
The following paragraph was added to the rationale for MB-AL-0020 aluminium P1020A premium, ddp Midwest US, US cents/lb:
“Inputs from prior pricing sessions were considered in this current session to avoid a dependency on a single entity providing 50% or more of the data.”
The published price was unaffected by this change.
This price is part of the Fastmarkets base metals package.
For more information or to provide feedback on this correction notice or if you would like to provide price information by becoming a data submitter to this price, please contact Yasemin Esmen by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Yasemin Esmen, re: Aluminium P1020 DDP US Midwest premium.”
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To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.
The post Correction to pricing rationale for US Midwest aluminium P1020 premium on August 8 appeared first on Fastmarkets.
