Fastmarkets has corrected its MB-IRO-0188 - Iron ore 67.5% Fe pellet feed cfr Qingdao and MB-IRO-0013 - Iron ore 65% Fe concentrate cfr Qingdao indices, which were published incorrectly on Wednesday March 19 due to a technical calculation error.

These inferred net price indices would be calculated based on the PIX Pulp Europe (gross) price indices and Fastmarkets’ assessment of typical rebates offered to customers. The basic specifications for the new inferred net price indicators would be as for the PIX Pulp Europe gross price indices. The consultation period for this proposed launch starts […]

Full details of the prices covered by this consultation can be found here. Specifically, Fastmarkets requested comments on whether the current discount levels for European pulp have grown too high and invited open-ended feedback on potential remedies moving forward. Feedback from the industry was mixed, with a number of potential remedies suggested by the industry including […]

Fastmarkets invited feedback specifically on how to treat quarterly contracts in the monthly index calculation. Feedback received regarding this matter was divided, as some thought it is more important to take the quarterly deals into account separately, whereas other respondents did not see major differences and suspected this would make the price collection more difficult. […]

The details affect the following prices:AG-SYB-0079 Crush Margin, China Soy (US Gulf), M1, yuan per tonneAG-SYB-0082 Crush Margin, US Soy, M1, c$ per bushelAG-SYB-0080 Crush Margin, Brazil, Soy, M1, $ per tonneAG-SYB-0078 Crush Margin, China Soy (Brazil), M1, yuan per tonneAG-SYB-0081 Crush Margin, Argentina Soy, M1, $ per tonneFastmarkets clarifies that, where the value of a futures contract is factored […]

The adjustment, which follows a consultation which ended on Tuesday March 18, will enable Fastmarkets to track a broader range of data by incorporating major ports, including Hay Point Coal Terminal, Abbot Point Coal Terminal, Gladstone Port and Port Kembla, alongside the current Dalrymple Bay Coal Terminal. To ensure consistency of the assessments, normalization of ports […]

The name of the index will be modified to steel scrap, sheared HMS 1&2 (80:20 mix), index, domestic, delivered UAE. This will clarify that the index covers sheared HMS 1&2 and not unprocessed HMS 1&2 material, which is also available in the market. The change to the name of the price will not affect historical […]

These prices are scheduled for publication at 2-3pm London time, but were published at 4.24pm. Fastmarkets’ pricing database has been updated. The following prices were affected:MB-STE-0092 Steel reinforcing bar (rebar), domestic, cpt Poland, zloty per tonneMB-STE-0891 Steel wire rod (drawing quality), domestic, delivered Poland, zloty per tonne The prices are part of the Fastmarkets steel price package. […]

This is a follow-up pricing notice to yesterday’s notice about the delay. The following prices were affected by this:MB-AL-0256 Aluminium fixing price for LME trade, rand/tonne MB-CU-0338 Copper fixing price for LME trade, rand/tonne MB-PB-0064 Lead fixing price for LME trade, rand/tonne MB-NI-0093 Nickel fixing price for LME trade, rand/tonne MB-SN-0005 Tin rand fixing price for LME trade, rand/tonne MB-ZN-0072 Zinc rand […]

The assessment was published at 3:58pm London time instead of the scheduled time of 4pm. The data submission window had already closed, and the data collection and price assessment were not affected by the early publication. MB-TI-0009 titanium dioxide pigment, sulfate grade, fob China, $ per tonne This price is a part of the Fastmarkets Industrial […]