Amendment to publication time of Fastmarkets’ China, Japan and South Korea ferro-chrome prices

After a consultation period, Fastmarkets has amended the publication time of its ferro-chrome price in the Chinese domestic market as well as its ferro-chrome import prices in Japan and South Korea, to 5-6pm Shanghai time from 2-3pm London time.

The change takes place from Tuesday July 4, and follows a consultation period that started on Tuesday May 30.

The specifications for the affected prices, with the updated publication time, are as follows:

MB-FEC-0005 – Ferro-chrome contract 6-8% C, basis 50% Cr, ddp China, yuan/ tonne
Quality: Lump. Cr 50% min; C 6-8%; Si: 5% max; P 0.04% max; S 0.04% max
Quantity: Min 1,000 tonnes
Location: ddp China
Unit: CNY/tonne, normalized to Cr 50%
Payment terms: Cash, other payment terms normalized
Publication: Weekly. Tuesday between 5-6pm Shanghai time

MB-FEC-0006 – Ferro-chrome spot 6-8% C, basis 50% Cr, ddp China, yuan/tonne
Quality: Lump. Cr 50% min, C 6-8%, Si 5% max, P 0.04% max, S 0.04% max
Quantity: Min 1,000 tonnes
Location: ddp China
Unit: CNY/tonne, normalized to Cr 50%
Payment terms: Cash, other payment terms normalized
Publication: Weekly. Tuesday between 5-6pm Shanghai time

MB-FEC-0017 – Ferro-chrome high carbon 57-65% Cr, cif dup Japan, $/lb
Quality: 10-50mm lump. Cr 57% min, 65% max; C 6% min, 9% max; Si 2% min, 4% max; P 0.04% max; S 0.05% max
Quantity: Min 100 tonnes
Location: cif Japan
Unit: USD per lb of chrome contained
Payment terms: LC at sight and TT
Publication: Every other week. Thursday 5-6pm Shanghai time

MB-FEC-0018 – Ferro-chrome high carbon 57-65% Cr, cif dup South Korea, $/lb
Quality: 10-50mm lump. Cr 57% min, 65% max; C 6% min, 9% max; Si 2% min, 4% max; P 0.04% max; S 0.05% max
Quantity: Min 100 tonnes
Location: cif South Korea
Unit: USD per lb of chrome contained
Payment terms: LC at sight and TT
Publication: Every other week. Thursday 5-6pm Shanghai time

To provide feedback on this amendment or if you would like to provide price information by becoming a data submitter to these assessments, please contact Tina Tong at pricing@fastmarkets.com. Please add the subject heading: “FAO: Tina Tong re: ferro-chrome prices in China, Japan and South Korea.”

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

What to read next
The lower end of the price range for Biodiesel SME B100 fob US Gulf price on Friday July 18 was erroneously published at $2.243 per gallon. This has been corrected to $4.243 per gallon. Fastmarkets’ pricing database has been updated to reflect this change. These prices are part of the Fastmarkets Ags oils, fats and biofuels price […]
The rationale for AG-SYB-0006 Soybean CFR China (US Gulf) Premium c$/bu erroneously stated “The soybean CFR China (USG) basis assessment for September shipment was assessed 23 cents per bu lower at a premium of 193 cents per bu over the September CME soybean futures contract in line with the respective FOB assessment, prevailing freight indications […]
Fastmarkets has corrected its MB-BMS-0015 Black mass, NCM/NCA, payable indicator, nickel, exw USA, % payable LME Nickel cash official price, which was published incorrectly on Wednesday, July 16.
Fastmarkets confirms its decision to discontinue its two domestic European stainless steel base price assessments.
This strategic launch is designed to better delineate the relationship between these two competing steelmaking materials. The differentials offer the market a single reference price denoting the spread between Turkey import billet and No1 and No2 heavy melting scrap (80:20) and between Turkey import billet and shredded scrap exported from the US East Coast respectively. […]
The publication of Fastmarkets’ assessments for nickel 4x4 cathode, nickel briquette and nickel uncut cathode premiums in-whs Rotterdam was delayed on Tuesday July 16 because of a reporter error.