Correction to REDD+ Sub-Saharan Africa, REDD+ v20 differential, Southeast Asia on January 8

Fastmarkets has corrected its CB-CC-0005 REDD+ Sub-Saharan Africa, $/tCO2e, CB-CC-0006 REDD+ v19 differential, Sub-Saharan Africa $/tCO2e, CB-CC-0007 REDD+ v20 differential, Sub-Saharan Africa $/tCO2e and CB-CC-0011 REDD+ v20 differential Southeast Asia $/tCO2e which were published incorrectly on Wednesday January 8.

The CB-CC-0005 REDD+ Sub-Saharan Africa, $/tCO2e was published in error as $0.70/tCO2e and has now been corrected to $0.90/tCO2e.

The CB-CC-0006 REDD+ v19 differential, Sub-Saharan Africa $/tCO2e was published in error as $0.70/tCO2e and has now been corrected to -$0.30/tCO2e.

The CB-CC-0007 REDD+ v20 differential, Sub-Saharan Africa $/tCO2e was published in error as $0.75/tCO2e and has now been corrected to -$0.20/tCO2e.

The CB-CC-0011 REDD+ v20 differential, Southeast Asia $/tCO2e was published in error as $0.70/tCO2e and has now been corrected to -$0.17/tCO2e.

The pricing rationale for CB-CC-0005 REDD+ Sub-Saharan Africa was corrected to:
“Assessed at $0.90/tCO2e on lower offers reported by market participants.”

Fastmarkets’ pricing database has been updated to reflect this change.

These assessments are part of the Fastmarkets Carbon package.

For more information or to provide feedback on this correction notice or if you would like to provide price information by becoming a data submitter to these assessments, please contact Sam Carew by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Sam Carew, re: REDD+.”

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 https://www.fastmarkets.com/methodology.

What to read next
This price is part of the Fastmarkets Scrap package. For more information on our North America Ferrous Scrap methodology and specifications please click here. To get in touch about access to this price assessment, please contact customer.success@fastmarkets.com.
Fastmarkets proposes to amend the load port of its hard coking coal and pulverized coal injection (PCI) spot prices, fob DBCT, to fob eastern Australian ports, from the current basis of Dalrymple Bay Coal Terminal, Australia.
The amendment to the name of the price assessment for nickel ore 1.8% basis 15-20% Fe water content: 30-35% Si:Mg ratio<2 lot size 50,000 tonnes, cif China has been delayed following a reporter error. Fastmarkets decided to amend the name of the price assessment, shortening it to nickel ore with 1.8% nickel content, following a […]
Fastmarkets proposes to launch two price assessments for 400 stainless steel: stainless steel 409 cold-rolled sheet, fob mill US, $/cwt and stainless steel 430 cold-rolled sheet, fob mill US, $/cwt.
Currently, its suite of consumer stainless scrap assessments settle on the 10th of each calendar month in line with the publication deadline of the US ferrous scrap settlement. North American ferrous scrap prices settle on or before the 10th of the month, per Fastmarkets’ methodology, which can be found here. US domestic ferrous markets are taking […]
The amendment would decrease publishing frequency to twice per week from daily, to reflect lower market liquidity following Russia’s invasion of Ukraine in 2022 and resulting in Western sanctions against Russia that led to lower export sales volumes from the country. This is also while the effect of the war has resulted in lower sales […]