Proposal to launch two dead burned magnesia cif Europe prices

Fastmarkets proposes to launch magnesia, dead burned, 90% MgO, cif Europe, $/tonne and magnesia, dead burned, 97% MgO, cif Europe, $/tonne price assessments.

Following preliminary discussions with the market, Fastmarkets received feedback that these grades of magnesium oxide have been increasingly used for producing refractory materials in Europe.

The new launch would cover imports of dead burned magnesia into Europe from producer countries, such as China, Greece and Turkey.

The proposed specifications are:

Magnesia, dead burned, 90% MgO, cif Europe, $/tonne;
Quality: Dead burned 90% MgO, lump, bulk
Quantity: Min 1,000 tonnes
Location: cif Europe
Timing: Spot
Unit: US$/tonne
Payment terms: Within 30 days
Publication: Third Tuesday of the month, 4pm London time

Magnesia, dead burned, 97% MgO, cif Europe, $/tonne
Quality: dead burned 97% MgO, lump, bulk
Quantity: Min 1,000 tonnes
Location: cif Europe
Timing: Spot
Unit: $/tonne
Payment terms: Within 30 days
Publication: Third Tuesday of the month, 4pm London time

These prices will be a part of the Fastmarkets’ Industrial Minerals package.

The proposed prices would complement Fastmarkets’ existing European coverage of magnesia in Europe, which includes:
MB-MAG-0019 Magnesia, fused, 97% MgO, cif Europe, $/tonne 

MB-MAG-0018 Magnesia, dead burned, 95% MgO, fob Europe, $/tonne

Additionally, Fastmarkets’ provides coverage in China for magnesia dead burned, which includes:

MB-MAG-0005 Magnesia, dead burned, 97.5% MgO, lump, fob China, $/tonne

MB-MAG-0002 Magnesia, dead burned, 90% MgO, lump, fob China, $/tonne

The consultation period for this proposed launch starts from August 8 and will end on September 9. The launch will take place, subject to market feedback, on September 16.

To provide feedback on these prices or if you would like to provide price information by becoming a data submitter to these prices, please contact Sofia Okun by email at pricing@fastmarkets.com. Please add the subject heading “FAO: Sofia Okun, re: magnesia launch.”

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.