Clarification of delivery timing for minor metals specifications

After a consultation period between Monday June 26 and Friday August 18, Fastmarkets has added an explanation clarifying prompt release timing to within ten calendar days in its pricing methodology for the prices below:

MB-BI-0001 Bismuth 99.99% Bi min, in-whs Rotterdam, $/lb
MB-CD-0001 Cadmium 99.95% min, cif global ports, cents/lb
MB-CD-0002 Cadmium 99.99% min, cif global ports, cents/lb
MB-IN-0002 Indium 99.99%, in-whs Rotterdam, $/kg
MB-SE-0002 Selenium 99.5% Se min, in-whs Rotterdam, $/lb
MB-TE-0001 Tellurium 99.9-99.99% Te min, in-whs Rotterdam, $/kg

Market feedback received during the consultation was in support of Fastmarkets implementing this change for the metals listed above.

This consultation sought to ensure that Fastmarkets’ methodologies continue to reflect the physical market under assessment.

The updated specification of the price are as follows:

MB-BI-0001 Bismuth 99.99% Bi min, in-whs Rotterdam, $/lb
Quality: Ingot. Bi 99.99%, no other elements specified
Quantity: Min 1 tonne
Location: Rotterdam
Timing: Prompt release, within ten calendar days
Unit: USD/lb
Payment terms: Cash, other payment terms normalized
Publication: Twice weekly. Wednesday and Friday 2-3pm London time
Notes: Original producer packaging

MB-CD-0001 Cadmium 99.95% min, cif global ports, cents/lb 
Quality: Sticks or ingots. Cd 99.95%, no other elements specified
Quantity: Min 10 tonnes
Location: CIF global port basis
Timing: Prompt release, within ten calendar days
Unit: US cents per lb
Payment terms: Cash, other payment terms normalized
Publication: Twice weekly. Wednesday and Friday 2-3pm London

MB-CD-0002 Cadmium 99.99% min, cif global ports, cents/lb 
Quality: Sticks or ingots. Cd 99.99%, no other elements specified
Quantity Min 10 tonnes
Location: cif global port basis
Timing: Prompt release, within ten calendar days
Unit: US cents per lb
Payment terms: Cash, other terms normalized
Publication: Twice weekly. Wednesday and Friday 2-3pm London time

MB-IN-0002 Indium 99.99%, in-whs Rotterdam, $/kg 
Quality: In: 99.99%, no other elements specified. Ingots, usually between 0.5kg and 3.5 kg; also 10 kg ingots
Quantity: Min 100kg
Location: In-whs Rotterdam
Timing: Prompt release, within ten calendar days
Unit: USD/kg
Payment terms: Cash, other terms normalized
Publication: Twice-weekly. Wednesday and Friday 2-3pm London time
Notes: Original producer wooden cases

MB-SE-0002 Selenium 99.5% Se min, in-whs Rotterdam, $/lb 
Quality: Powder of minus 200 mesh or granules sizing 1-5 mm. Se 99.5% min, no other elements specified
Quantity: Min 250kg (+/-2%)
Location: In-whs Rotterdam
Timing: Prompt release, within ten calendar days
Unit: USD/lb
Payment terms: Cash, other terms normalized
Publication: Twice-weekly. Wednesday and Friday 2-3pm London time
Notes: Original producer packaging, normally 25kg net

MB-TE-0001 Tellurium 99.9-99.99% Te min, in-whs Rotterdam, $/kg 
Quality: Ingots, sticks or powder. Te 99.9- 99.99%, no other elements specified
Quantity: Min 100 kg (+/-2%)
Location: In-whs Rotterdam
Timing: Prompt release, within ten calendar days
Unit: USD/kg
Payment terms: Cash, other terms normalized
Publication: Twice-weekly. Wednesday and Friday between 2pm and 3pm London time
Notes: Original producer packaging

However, in light of the recent introduction of export controls from China and a lack of clarity as to how they will affect gallium, germanium metal and dioxide market dynamics, Fastmarkets continues to monitor the typical terms of trade in these markets and continue an informal consultation on this over coming weeks.

MB-GA-0001 Gallium 99.99% Ga min, in-whs Rotterdam, $/kg 
Quality: Ingot. Ga: 99.99% min, no other elements specified
Quantity: Min 100kg (+/- 2%)
Location: In-whs Rotterdam
Timing: Prompt release
Unit: USD/kg
Payment terms: Cash, other terms normalized
Publication: Twice weekly. Wednesday and Friday 2-3pm London time
Notes: Packed in plastic sleeves, original producer cases

MB-GER-0003 Germanium 99.999% Ge, in-whs Rotterdam, $/kg 
Quality: Min 100 kg (+/- 2%)
Quality: Ingot. Ge 99.999%, no other elements specified
Location: In-whs Rotterdam
Timing: Prompt release
Unit: USD/kg
Payment: Cash, other payment terms normalized
Publication: Twice-weekly. Wednesday and Friday between 2pm and 3pm London time
Notes: Packed in plastic sleeves, original producer cases

MB-GER-0001 Germanium dioxide, in-whs China, $/kg 
Quality: GeO2 99.99 % min, Ge 69 % approx. White powder
Quantity: Min 100 kg (+/- 2%)
Location: In-whs China
Timing: Prompt release
Unit: USD/kg
Payment terms: Cash, other payment terms normalized
Publication: Twice-weekly. Wednesday and Friday between 2pm and 3pm London time
Notes: Original producer cases, normally 25kg each

To provide feedback on this decision, or if you would like to provide price information by becoming a data submitter to minor metals prices. Please contact Sayaka Kurata and Solomon Cefai by email at pricing@fastmarkets.com. Please add the subject heading “FAO: Sayaka Kurata and Solomon Cefai, re: minor metals.”

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

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