PRICING NOTICE: Change to Fastmarkets MB’s midpoints and averages

Fastmarkets MB will from next month display in the Price Book calculated price midpoints and averages that are rounded to two decimal places.

This will ensure consistency of published values across all of Fastmarkets MB’s delivery channels.

Where Fastmarkets MB publishes prices as a low-high range, users have the option to view the calculated midpoint of that range. From Monday December 9, Fastmarkets will implement rounding to two decimal places on these midpoint values. This change will also be applied to the historical data series.

Rounding to two decimal places will also be applied to weekly, monthly, quarterly and yearly average values displayed in the Price Book from December 9.

To provide feedback on these changes please contact Barbara O’Donovan at pricing@fastmarkets.com. Please add the subject heading ‘FAO: Barbara O’Donovan re: rounding.’

To see all Fastmarkets’ pricing methodology and specification documents, please go to www.fastmarkets.com/about-us/methodology.

What to read next
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.
Fastmarkets proposes to amend the specifications of five of its steel products assessments and billet index originating from the Black Sea basin.