PRICING NOTICE: Reduction in frequency of low phosphorous ferro-chrome quotation

Metal Bulletin proposes to reduce the frequency with which it publishes its low phosphorous ferro-chrome price quotation.

Metal Bulletin proposes to reduce the frequency with which it publishes its low phosphorous ferro-chrome price quotation.

The proposal is due to a reduction in spot activity in recent months, leading to fewer data points being submitted on a weekly basis.

From January 29, the frequency of publication would be reduced from weekly to once every two weeks (fortnightly), on Fridays. Publication time would still be between 14:00 and 15:00 London time.

The frequency of the quotation may return to weekly if spot activity increases.

Market participants have until January 25 to respond to this notice.

The rest of the specification would be unchanged and the full specifications would be as follows:

Description: Low-phosphorous ferro-chrome, Europe
Price: $/lb (of chrome contained), delivered consumer works, Europe
Cr: 65% min
Si: 1% max
C: 6-8%
P: 0.015% max
Ti: 0.05% max
Form: Lumps in the range of 10-100mm, 90% min
Packaging: Big bags of 1 tonne or producer’s steel drums, each 500kg
Lot size and tolerance: 25T minimum
Payment terms: 30 days, other payment terms normalised
Assessment: On Fridays, fortnightly by Metal Bulletin’s London office
Publication: Between 2pm and 3pm London time on Fridays

Comments and questions on this should be sent to Janie Davies: jdavies@metalbulletin.com

Questions relating to Metal Bulletin’s pricing methodology and policy should be sent to market data and compliance manager Paolo Sorze at psorze@metalbulletin.com or Metal Bulletin editor Alex Harrison at aharrison@metalbulletin.com

Janie Davies 
jdavies@metalbulletin.com
Twitter: @janiedavies_mb 

What to read next
Fastmarkets has had a strong interest in the proposed new assessments and would like to gather additional information on the specification and grades that should assess.  Based on the feedback, the proposed specifications have been updated as follows:  Quality: Selected Nordic (Swedish, Finnish, Norwegian) export grades of both planed and rough sawn timber spruce (whitewood) […]
While Fastmarkets understands that the PIX sawn timber FAS Finland indices have not been widely adopted by the industry, we have received feedback that there is commercial use for the indices. Therefore, we propose to maintain them for the time being.  The following indices are affected:  The extended consultation period for this proposed discontinuation starts […]
To increase the transparency of our methodology, Fastmarkets clarifies that the quotation period of the MHP nickel payable indicator is the month of delivery, or the month M. Any data points Fastmarkets received otherwise will be normalized to the M month based on the monthly spreads of the prevailing exchange-traded Class-1 nickel reference price, or […]
Following an initial consultation with the market and a review of the typical data sets that have been collected over recent months, Fastmarkets is proposing changes to the specifications of the index for MB-IRO-0009 iron ore 65% Fe Brazil-origin fines, cfr Qingdao, by raising the silica base specification to 2.7% from 2.2%, as well as an […]
The corrections are as follows: AG-BRY-0004 Barley Feed barley FOB Argentina $/mt Incorrect prices: August $119.00 per tonne Corrected to: August $219.00 per tonne Fastmarkets’ pricing database has been updated to reflect this change. These prices are part of the Fastmarkets Ags Grains package. For more information or to provide feedback on this correction notice or […]
This price is a part of the Fastmarkets scrap package. For more information on our North America Ferrous Scrap methodology and specifications please click here. To get in touch about access to this price assessment, please contact customer.success@fastmarkets.com.