Following preliminary discussions with the market and interrogation of data collected by Fastmarkets over recent months, Fastmarkets now proposes to assess and publish the price for ferro-niobium, 63-67%, delivered consumer works, dp Europe, on Wednesdays and Fridays, from the current basis of once weekly on Wednesdays.
This more frequent price assessment will enable Fastmarkets to reflect spot market dynamics in a timelier manner.
The specifications are listed below, with the proposed amendment to the pricing frequency in italics:
MB-FN-0001 Ferro-niobium, 63-67%, delivered consumer works, dp Europe, $ per kg Nb
Quality: 10-50mm lump. Nb 63-67%, C 0.2% max, Si 3.0% max, Al 1-2%, S 0.15% max, P 0.20% max, Ta 0.5% max
Quantity: Minimum 5-tonne lots
Location: Delivered consumer works Europe
Unit: USD per kg Nb
Payment terms: Cash. Other payment terms normalized
Publication: Twice weekly, Wednesday and Friday at 2-3pm London time
Notes: Packaged in 250kg drums or one-tonne big bags.
This price is part of the Fastmarkets Ores and Alloys Physicals Package.
The consultation period for this proposed amendment will start on Tuesday June 17 and will end on Monday July 28. The amendment will then take place, subject to market feedback, on Friday August 1.
To provide feedback on this price, or if you would like to provide price information by becoming a data submitter to this price, please contact Zdravko Cherkezov by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Zdravko Cherkezov, re: ferro-niobium.”
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.
