Fastmarkets to change frequency of US delivered tin price

This decision was proposed in a methodology note published on February 9, which you can view here.

This decision follows discussions with the market as well as an internal review of Fastmarkets data, which suggested that there was low spot liquidity and price volatility. Market participants supported the change.

The new specifications are listed below, with the amendment of price frequency in italics:

MB-SN-0011 tin grade A min 99.85% ingot premium, ddp Midwest US, $ per tonne

Quality: Delivered premium over cost of tin of 99.85% purity (min) conforming to BS EN 610:1996, max 500 ppm lead. Total impurities must not exceed 0.15%.
Quantity: Min 20 tonnes
Location: DDP Midwest US
Timing: Within two weeks
Unit: US dollars per tonne
Payment terms: 30 days. Other terms normalized.
Publication: Quarterly on the first Tuesday of the month (January, April, July and October), 3-4pm London time.

Fastmarkets’ pricing database has been updated to reflect this change.

This price is part of the Fastmarkets Base Metals package.

Please send any questions or comments to pricing@fastmarkets.com and basemetals@fastmarkets.com.

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 the Fastmarkets methodology page.