Amendment to frequency of ferro-niobium price assessment

This more frequent price assessment will help Fastmarkets better capture spot dynamics amid rising liquidity and market activity.

Fastmarkets did not receive any direct responses to this consultation, but has previously received extensive feedback from the ferro-alloys market supporting this change.

Effective Friday August 1, this price will be published on Wednesdays and Fridays. Previously, it was published weekly on Wednesdays.

The new specifications are as follows, with the amendment in italics:

MB-FN-0001 Ferro-niobium, 63-67%, delivered consumer works, dp Europe, $ per kg Nb
Quality: 10-50mm lump. Nb 63-67%, C 0.2% max, Si 3.0% max, Al 1-2%, S 0.15% max, P 0.20% max, Ta 0.5% max
Quantity: Minimum 5-tonne lots
Location: Delivered consumer works Europe
Unit: USD per kg Nb
Payment terms: Cash. Other payment terms normalized
Publication: Twice weekly, Wednesday and Friday at 2-3pm London time
Notes: Packaged in 250kg drums or one-tonne big bags.

This price is part of the Fastmarkets Ores and Alloys Physicals Package.

To provide feedback on this price, or if you would like to provide price information by becoming a data submitter to this price, please contact Zdravko Cherkezov by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Zdravko Cherkezov, re: ferro-niobium.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

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