The proposal follows preliminary discussions with the market and internal analysis of price usage, which suggests low market liquidity and a lack of demand.
Specifically, Fastmarkets is proposing to discontinue:
MB-PB-0099 Lead 99.99% ingot premium, delivered Midwest US, US cents/lb
Quality: Lead ingot of 99.99% minimum purity conforming to LME specification BS EN 12659:1999, GB/T469/2005 or ASTM B29-03 (2009)
Quantity: Min 25 tonnes
Location: Delivered consumer works, US Midwest
Timing: Within 5 weeks
Payment terms: 30 days, other payment terms normalized
Unit: US cents/lb
Publication: Weekly, Thursday 3-4pm London time
This price is a part of the Fastmarkets Base Metals package.
All historical data relating to the assessment prior to the amendment will remain available in the pricing section of the Fastmarkets website.
The consultation period for this price discontinuation begins on Monday December 2 and will end on Thursday January 2, with an update to this notice published on that day. Pending feedback, changes would take place from January 7, with no assessment published on that day or moving forward.
All short-term forecasts associated with this price (or these prices) produced by the Fastmarkets research team, if any, will also be discontinued.
To provide feedback on this proposal to discontinue this price, or if you would like to provide price information by becoming a data submitter to this price, please contact Rae Boyadjis by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Rae Boyadjis re: US lead 99.99% ingot premium.”
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 https://www.fastmarkets.com/methodology.
Fastmarkets also has a proposal to amend some US base metal premiums; the notice can be found here.
