Fastmarkets Launches Low-Carbon Aluminium Differential

Source: 3/4/2024, Location: Europe

Fastmarkets, an industry-leading cross-commodity price-reporting agency (PRA), has announced the launch of a new low-carbon aluminium differential price in Asia.

The launch of a low-carbon aluminium price differential responds to the increasing demand for sustainable materials in the automotive and manufacturing sectors in Asia. Recognizing the inflow of low-carbon aluminium to Japanese and South Korean markets, and the readiness of these sectors to pay a premium over conventional aluminium, Fastmarkets aims to establish a transparent pricing mechanism that reflects the growing green economy in Asia.

Starting March 1, Fastmarkets will publish a CIF Japan and South Korea differential, making it the premier PRA to price East Asia's low-carbon aluminium. The launch of the price expands Fastmarkets' suite of low-carbon aluminium prices to include Asia and complements its European and US prices.

The CIF Japan and South Korea low-carbon aluminium differential is assessed against the CIF major Japanese ports premium, Fastmarkets' benchmark price for aluminium in Asia.

The differential features a robust specification as follows:

- Carbon limit: 4tCO2e per tonne of aluminium produced (Scope 1 and 2 emissions)
- Quality: P1020A or 99.7% minimum aluminium purity
- Quantity: Minimum of 100 tonnes
- Location: Delivered to Japan & South Korea
- Delivery window: Within three months
- Unit: USD per tonne
- Publication: Monthly, first Friday of the month, 4 pm London time

Raju Daswani, CEO of Fastmarkets, underlines the company's commitment to providing prices, news and analysis to a fast-evolving market, stating, "We are excited to lead the charge in pricing transparency for sustainable commodities, especially at a time when the industry at large is moving towards a greener future."

Norway >>  4/18/2024 - The Norwegian Ocean Industry Authority (Havtil) has carried out an audit of Repsol and their system for registering and following up working hours off...
Australia >>  4/15/2024 - 3D Energi Limited (the “Company”; ASX: TDO) is pleased to announce regulatory approval of the Sauropod 3D seismic Environmental Plan by NOPSEMA (Natio...

Canada >>  4/15/2024 - EcoEngineers (Eco), a consulting, auditing, and advisory firm with an exclusive focus on the energy transition, today announced the expansion of its s...
Canada >>  4/15/2024 - EcoEngineers (Eco), a consulting, auditing, and advisory firm with an exclusive focus on the energy transition, announced the expansion of its service...

Netherlands/Holland >>  4/15/2024 - Meriaura Ltd ('Meriaura'), a part of Meriaura Group, has entered into a delivery contract for two Eco Trader cargo vessels with the Dutch company Bode...
Norway >>  4/15/2024 - STX Group, a global leader in environmental commodities trading and climate solutions, and Norsk e-Fuel, a pioneer in the European e-fuel market, anno...

Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.