U.S. Commodity Futures Trading Commission Chairman Michael Selig said Friday at an industry annual meeting that he had directed the agency’s global markets team to review aluminum pricing mechanisms and develop concrete reform proposals.
He pointed to the pricing benchmark as the problem. When U.S. manufacturers buy aluminum, they pay a price disconnected from the domestic physical metal market, with factors beyond supply chain costs baked in. Some members of the Beer Institute, which hosted the annual meeting, are among the companies that use aluminum to make beverage cans.
The international aluminum benchmark had previously climbed to a four-year high, pushing U.S. buyers’ all-in costs above $6,000 per metric ton. The agency oversees pricing for aluminum futures and derivatives, and this review directly targets how the benchmark price is formed.
#大宗商品 #Regulation
He pointed to the pricing benchmark as the problem. When U.S. manufacturers buy aluminum, they pay a price disconnected from the domestic physical metal market, with factors beyond supply chain costs baked in. Some members of the Beer Institute, which hosted the annual meeting, are among the companies that use aluminum to make beverage cans.
The international aluminum benchmark had previously climbed to a four-year high, pushing U.S. buyers’ all-in costs above $6,000 per metric ton. The agency oversees pricing for aluminum futures and derivatives, and this review directly targets how the benchmark price is formed.
#大宗商品 #Regulation
