Amendment to some US zinc, lead, tin and nickel prices

Upon reviewing the methodology specifications for the above prices, effective October 10, Fastmarkets will:

• Update price titles to match the location specifications, where needed
• Update quality specifications of corresponding prices (i.e. all-in prices) to match, where needed
• Update minimum quantity and payment terms specifications, where needed

Fastmarkets has made these changes to align the specifications for premiums with their corresponding all-in prices and to ensure that all specifications accurately reflect prevailing market practices.

The new specifications are as follows, with amendments in italics:

MB-ZN-0005 Zinc SHG min 99.995% ingot premium, ddp Midwest US, US cents/lb
Quality: Min 99.995% special high grade zinc ingot, conforming to LME specifications and relevant BS EN 1179: 2003 standards
Quantity:Min 20 tonnes 
Location:ddp Midwest US 
Timing: Within 4 weeks 
Unit: US cents per pound 
Payment terms: 30 days, other payment terms normalized 
Publication: Weekly. Tuesday 3-4pm London time.

MB-ZN-0061 Zinc SHG min 99.995% ingot all-in price, ddp Midwest US, US cents/lb
Quality:Min 99.995% special high grade zinc ingot, conforming to BS EN 1179: 2003 
Quantity:Min 20 tonnes
Location:ddp Midwest US
Unit: US cents per pound 
Payment terms:30 days, other payment terms normalized
Publication: Daily 
Notes: London Metal Exchange cash zinc AM bid price plus Fastmarkets’ zinc premium.

MB-PB-0006 Lead 99.97% ingot premium, ddp Midwest US, US cents/lb
Quality: Lead ingot of 99.97% to 99.99% purity conforming to LME specification BS EN 12659:1999, GB/T469/2005 or ASTM B29-03 (2009)
Quantity:Min 20 tonnes
Location:ddp Midwest US
Timing: Within 5 weeks
Payment terms: 30 days, other payment terms normalized 
Unit: US cents per pound 
Publication: Monthly, First Tuesday 3-4pm London time.

MB-PB-0056 Lead 99.97% ingot all-in price, ddp Midwest US, US cents/lb
Quality: Lead ingot of 99.97% to 99.99% purity conforming to LME specification BS EN 12659:1999, GB/T 469/2005 or ASTM B29-03 (2009) 
Quantity:Min 20 tonnes 
Location:ddp Midwest US 
Delivery: Within 5 weeks 
Unit: US cents per pound 
Payment terms: 30 days, other payment terms normalized 
Publication: Daily 
Notes: London Metal Exchange cash lead AM bid price plus Fastmarkets’ lead premium.

MB-SN-0011 Tin grade A min 99.85% ingot premium, ddp Midwest US, $/tonne
Quality: Min 99.85% purity (min) conforming to BS EN 610:1996, max 500ppm lead, total impurities must not exceed 0.15%
Quantity: Min 20 tonnes
Location: ddp Midwest US
Timing: Within 2 weeks
Payment terms: 30 days, other payment terms normalized 
Unit: USD/tonne
Publication: Monthly, first Tuesday 3-4pm London time.

MB-SN-0012 Tin grade A min 99.85% ingot all-in price, ddp Midwest US, $/tonne
Quality: Ingot. Min 99.85% tin purity conforming to LME specification BS EN 610:1996 and ASTM grade A, max 500ppm lead, total impurities must not exceed 0.15%
Quantity: Min 20 tonnes
Location:ddp Midwest US
Timing: Within 2 weeks
Payment terms: 30 days, other payment terms normalized
Unit: USD/tonne
Publication: Daily.

MB-NI-0240 Nickel 4×4 cathode premium, delivered consumer works US, US cents/lb
Quality: 4×4 cut cathode. 99.8% minimum primary nickel conforming to LME specification: ASTM B39-79 (2013) or GB/T 6516-2010 – Ni9990 grade specification: ASTM B39-79 (2013) or GB/T 6516-2010 – Ni9990 grade
Quantity: Min 20 tonnes
Location: Delivered consumer works, US
Timing: Within 4 weeks
Payment terms: 30 days, other payment terms normalized
Unit: US cents per pound
Publication: Monthly, First Tuesday 3-4pm London time.

MB-NI-0242 Nickel 4×4 cathode all-in price, delivered consumer works US, US cents/lb
Quality: 99.8% minimum primary 4×4 cut cathodes conforming to LME specification: ASTM B39-79 (2013) or GB/T 6516-2010 – Ni9990 grade specification: ASTM B39-79 (2013) or GB/T 6516-2010 – Ni9990 grade. Smaller cut cathode dimensions may be normalized.
Quantity: Min 20 tonnes
Location: Delivered consumer works US
Delivery: Within four weeks 
Unit: US cents per pound 
Payment terms: 30 days, other terms normalized 
Publication: Daily 
Notes: London Metal Exchange cash nickel AM bid price plus Fastmarkets’ nickel 4×4 cathode premium.

MB-NI-0241 Nickel briquette premium, delivered consumer works US, US cents/lb
Quality: Briquette. 99.8% minimum primary nickel conforming to LME specification: ASTM B39-79 (2013) or GB/T 6516-2010 – Ni9990 grade specification: ASTM B39-79 (2013) or GB/T 6516-2010 – Ni9990 grade
Quantity: Min 20 tonnes
Location: Delivered consumer works, US
Timing: Within 4 weeks
Payment terms: 30 days, other payment terms normalized
Unit: US cents per pound
Publication: Monthly, First Tuesday 3-4pm London time.

MB-NI-0243 Nickel briquette all-in price, delivered consumer works US, US cents/lb
Quality: 99.8% minimum primary nickel briquettes conforming to LME specification: ASTM B39-79 (2013) or GB/T 6516-2010 – Ni9990 grade specification: ASTM B39-79 (2013) or GB/T 6516-2010 – Ni9990 grade 
Quantity: Min 20 tonnes 
Location: Delivered consumer works US
Delivery: Within four weeks 
Unit: US cents per pound 
Payment terms: 30 days, other terms normalized 
Publication: Daily 
Notes: London Metal Exchange cash nickel AM bid price plus Fastmarkets’ nickel briquette premium.

These prices are a part of the Fastmarkets base metals package.

To provide feedback on these prices or if you would like to provide price information by becoming a data submitter to any of these prices, please contact pricing@fastmarkets.com. Please add the subject heading “FAO: Rae Boyadjis, re: US base metals prices”.

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 the Fastmarkets methodology page.