PRICING NOTICE: Amendment to Rotterdam export HMS 1&2 (70:30) price assessment

Following a consultation, Metal Bulletin will amend its weekly Rotterdam export scrap price assessment from HMS 1&2 (70:30) to HMS 1&2 (75:25).

The change has been made following observations that HMS 1&2 (70:30) is no longer exported out of Rotterdam.

The new specification is as follows:

Assessment: Ferrous scrap, Rotterdam, export, HMS 1&2 (75:25), $ per tonne fob Rotterdam
Dimensions: 18x36in to 24x60in
Quantity: Standard order size, 1,000 tonnes
Location: fob Rotterdam
Timing: Up to 6 weeks
Unit: US dollars per tonne
Payment terms: letter of credit, bank transfer
Publication: Weekly, Friday, 4.30pm London time.

All historical data relating to this price prior to the amendment will remain available in the pricing section of the Metal Bulletin website.

The extended consultation period for this proposed amendment ended on Monday September 24, with changes taking place from Friday September 28.

To provide feedback on this price, or if you would like to provide price information by becoming a data submitter, please contact Cem Türken by email at: pricing@metalbulletin.com. Please add the subject heading: FAO: Cem Türken, re: Rotterdam HMS 1&2 (75:25) export price.

To see all Metal Bulletin’s pricing methodology and specification documents, go to https://www.metalbulletin.com/prices/pricing-methodology.html

What to read next
This consultation, which is open until May 23, 2024, seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) Principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency. Fastmarkets FOEX […]
Fastmarkets will discontinue its lithium contract price assessments, effective October 2024.
After a consultation period that began on February 19, 2024, and ended on March 21 2024, Fastmarkets has discontinued Region 4 log prices. The last assessment published March 2024.  To provide feedback on this or if you would like to provide price information by becoming a data submitter to Log Lines, please contact William Perritt […]
Fastmarkets proposes to amend the chemical specifications and names of its CIF, FOB and FOT 37% manganese ore indices.
The publication of Fastmarkets’ lithium, iron ore and Chinese ferrous prices for Monday April 22 were delayed because of technical issues.
Fastmarkets has corrected the pricing rationale for MB-AL-0302 aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region), $/tonne, which was published incorrectly on Friday April 19. No prices were corrected.