Fastmarkets has corrected its MB-BX-0016 Bauxite, cif China, price assessment, which was published incorrectly on Friday February 20.

The publication of Fastmarkets’ MB-STE-0464 - Steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan, $/tonne assessment for Thursday February 19 was delayed because of a reporter error. Fastmarkets’ pricing database has been updated.

No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage. This consultation sought to ensure that our methodologies continue to reflect the physical market for our audited physical markets for steel scrap, in compliance with IOSCO’s principles for Price Reporting Agencies (PRAs). This includes […]

Fastmarkets proposes to discontinue its weekly price assessments for AG-TLW-0028 Category 3 bone fat, high grade, 5% ffa, 98%, max 200 ppm polyethylene, ddp Northwest Europe and AG-TLW-0029 Category 3 pure beef tallow, 10% ffa, 99%, ddp Northwest Europe.

Based on market feedback received and data collected, Fastmarkets has changed the free fatty acids (FFA) content to a maximum of 5% and iodine value (IV) to a minimum of 70 grams of iodine/mercury (hg), to reflect a specification used more commonly in the market. The updated quality specification of the prices are as follows: […]

After an extended consultation period, Fastmarkets has decided to amend its AG-SYB-0032 Soyoil cfr India $/mt and AG-SSD-0001 Sunoil cif India $/mt assessments.

Indian vegetable oil buyers are awaiting further details of a recently announced India-US trade deal, in which India is expected to reduce tariffs on certain US goods, including imports of soybean oil.

Fastmarkets’ weekly recap of the main movements in global cash markets.

The publication of Fastmarkets’ price assessments for MB-V-0001 vanadium pentoxide 98% V2O5 min, in-whs Rotterdam, MB-W-0001 tungsten APT 88.5% WO3 min cif Rotterdam and Baltimore duty-free, and MB-W-0005 tungsten concentrate, basis 50-70% WO3, spot price, cif global on Friday February 13 was delayed because of a procedural issue.

Fastmarkets invited feedback from the industry on the pricing methodology for its non-ferrous materials and industrial minerals prices, via an open consultation process between January 6 and February 6. This consultation was done as part of our published annual methodology review process.