The delivered Germany works 226 aluminum alloy price assessment is reported with a commentary on the European market every Friday.
It was started 1 September 2003 and augments Platts' existing suite of metals price references serving regional and global markets.
It reflects the transactable value of physically-traded secondary aluminum, specifically grade 226, which is the main traded alloy in Europe, which is also traded on the London Metal Exchange (LME).
The spot assessment reflects Eur/mt price for secondary aluminum LME grade 226 on a delivered Germany works basis 0-30 days terms, prompt delivery.
The alloy is produced in confirmity with EN AB 46000 AlSi9Cu3 (Fe).
Platts developed this assessment following industry feedback that few in the market use the LME aluminum alloy price because these prices on the exchange have not reflected the physical market prices in recent years and trading on 226 is too illiquid.
Secondary aluminum is primarily used in the car industry to produce automobile parts.
The price will be assessed once per week, with calls made throughout the week and finally assessed and published on Fridays or the closest business day in the event of public holidays, through a survey of producers, traders and consumers of 226 aluminum alloy active in the spot market.
Platts will monitor the market throughout the week and consider in its assessments all of the information provided though a survey of producers, traders and consumers of secondary aluminum.
The assessment is basis a price not a premium Eur/mt on a delivered Germany works basis including up to 30 days credit. Prices in other countries such as Italy, Poland, France and the UK will be mentioned in the report when relevant.
The Platts Aluminum Alloy 226 delivered Germany works assessment is alongside other global aluminum prices available in the following Platts services.
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