Fastmarkets has updated the listing of the specification for the ferro-chrome China import 50% Cr US $/Ib contained chrome cif Shanghai index in the Fastmarkets MB Non-Ferrous Methodology and Price Specifications and Fastmarkets MB Ferro-chrome methodology documents, which can be found here:
There has been no change to the index, the data collection process or how it is calculated, which has been agreed with the market as set out in the latest ferro-chrome index pricing notice.
The specification is as follows:
Index: Ferro-chrome China import 50% Cr US $ per Ib contained chrome cif Shanghai
Quality: Chrome - base 50%, range 48-52%
Carbon - base 7%, max 9%
Silicon - base 3%, max 6%
Phosphorous - max 0.03%
Sulphur - max 0.06%
Dimensions 10 - 100mm
Form - Lump
Quantity: 1,000 tonnes minimum
Location: cif China
Delivery port Shanghai (other ports normalized)
Delivery method seaborne
Material origin: All origins
Timing: Within 6 weeks
Payment terms: LC at sight
Publication: Weekly. Friday 3pm London time
To provide feedback on this price or if you would like to provide price information by becoming a data submitter, please contact Jon Stibbs by email at: email@example.com. Please add the subject heading "FAO: Jon Stibbs, re: Ferro-chrome index"
To see all Fastmarkets’ pricing methodology and specification documents, please go to www.fastmarkets.com/about-us/methodology.
During a review of its specifications, Fastmarkets identified a necessary clarification for its ferro-chrome index specification.