Fastmarkets is inviting feedback from the industry on the methodology for its audited non-ferrous price assessments and indices, as part of its announced annual methodology review process.

Fastmarkets has corrected its MB-MNO-0005 manganese ore high grade port index, fot Tianjin, China, which was published incorrectly on Friday September 6.

The publication of Fastmarkets’ manganese ore seaborne indices for Friday September 6 was delayed due to a technical error. Fastmarkets’ pricing database has been updated.

Fastmarkets will adjust the normalization calculation of its manganese ore high grade indices while keeping the same chemistry specifications and methodology.

Seaborne prices for high-grade manganese ore delivered to China fell sharply in the week to Friday August 16, in the wake of growing resistance from buyers to high prices, Hebei Steel’s cut in August alloy tender price and reduced downstream demand

Fastmarkets has decided not to proceed with the proposal to amend the chemical specifications of its high grade CIF and FOT Tianjin manganese ore indices.

The publication of Fastmarkets’ manganese ore seaborne indices for Friday July 26 was delayed due to an error. Fastmarkets’ pricing database has been updated.

Fastmarkets has corrected its MB-MNO-0001 manganese ore high grade index, cif Tianjin, $ per dmtu, which was published incorrectly on Friday July 12.

Fastmarkets proposes to amend the chemical specifications of its indices for high grade CIF and FOT Tianjin manganese ore.

After a consultation period which ended on Monday May 27, Fastmarkets has amended the chemical specifications and names of three 37% manganese ore price indices.