Amendment to Bauxite fob Brazil specifications, publishing time

Fastmarkets has amended the specifications and publishing time of its price assessment for Bauxite fob Brazil following an extended consultation

The original consultation started on April 22, but was then extended on May 23. The extended consultation period ended June 23 and the changes will come into effect starting from the next assessment on July 21.

The new fob Brazil methodology specifications are as follows:
MB-BX-0015 Bauxite, fob Trombetas, Brazil, $ per dmt
Quality: Total alumina 50%; total silica 5%; Fe 20% max; moisture content 7% min, 10% max; organic carbon 0.15% max
Quantity: Min 40,000 tonnes
Location: fob Trombetas (other ports normalized)
Timing: Within two months
Unit: USD per dmt
Payment terms: 30 days after loading (other payment terms normalized)
Publication: Monthly; third Thursday of the month, 3-4pm London time
Notes: Bulk carrier

The price will be in a range rather than a single number to better reflect the market level, with a monthly publication time of 3-4pm London time to align with Fastmarkets’ other aluminium prices and the specifications have been amended to align with the recently launched Bauxite, cif China assessment.

Previous bauxite fob Brazil price assessments can be found here.

To provide feedback on this [price/index] or if you would like to provide price information by becoming a data submitter to this price, please contact Carrie Bone by email at: pricing@fastmarkets.com. Please add the subject heading ‘FAO: Carrie re: Bauxite fob Brazil.’

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

What to read next
The publication of Fastmarkets’ US and Brazil pig iron price assessments for Friday Feb 23 were delayed because of an administrative error.
Fastmarkets adjusted its assessments for the stainless steel scrap 430 bundles, solids, consumer buying price, delivered mill Pittsburgh and the stainless steel scrap 409 bundles, solids, consumer buying price, delivered mill Pittsburgh effective Monday February 12.
Fastmarkets is inviting feedback from the industry on the pricing methodology for its iron ore indices, as part of its announced annual methodology review process.
Fastmarkets welcomes your feedback on the following action: Prices for Region 4 logs in Log Lines will be discontinued, as those prices are generated by a third party and we no longer use third party information. Region 4, or the “Inland Region” includes: You can find the current methodology for Log Lines here. To provide feedback […]
Random Lengths is inviting feedback from the industry on pricing methodologies for Random Lengths and Random Lengths International as part of its annual methodology review process.
Fastmarkets launches MB-CU-0513 copper cathode equivalent grade (EQ), cif Southeast Asia, $/tonne on Tuesday February 20.