Decision to discontinue US titanium prices: pricing notice

Fastmarkets has decided to discontinue its five quarterly titanium prices due to market illiquidity.

The code, name current specifications for the affected markets are as follows:

MB-TI-0004 Titanium ingot 6AI-4V, fob shipping point US, $/lb
Quality: 6Al-4V (Aluminum 6%, vanadium 4%, titanium remainder)
Location: fob shipping point
Unit: US dollars per pound
Publication: Quarterly

MB-TI-0005 Titanium plate alloy AMS 4911, fob shipping point US, $/lb
Quality: AMS 4911 ½ inch x 48 inch x 120 inch
Location: fob shipping point
Unit: US dollars per pound
Publication: Quarterly

MB-TI-0006 Titanium bar alloy AMS 4928, fob shipping point US, $/lb
Quality: AMS 4928, 1-inch diameter
Location: fob shipping point
Unit: US dollars per pound
Publication: Quarterly

MB-TI-0007 Titanium plate commercially pure, fob shipping point US, $/lb
Quality: ASTM-B265 Grade 2, ½ inch x 96 inch x 240 inch
Location: fob shipping point
Unit: US dollars per pound
Publication: Quarterly

MB-TI-0008 Titanium sheet commercially pure, fob shipping point US, $/lb
Quality: ASTM-B265 Grade 2, 1/8 inch x 36 inch x 96 inch
Unit: US dollars per pound
Location: fob shipping point
Publication: Quarterly

The consultation period for this price discontinuation began on Thursday March 9 and ended on Monday April 10, with changes effective immediately.

To provide feedback on this proposal, or if you would like to provide price information by becoming a data submitter to this assessment, please contact Grace Asenov by email at: pricing@fastmarkets.com. Please add the subject heading: “FAO: Grace Asenov re: US Titanium.”

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

What to read next
After a one-month consultation period, Fastmarkets has amended the impurity specifications for its weekly payable indicators for black mass in South Korea, Southeast Asia and Europe.
This consultation, which is open until May 23, 2024, seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency. You can […]
This consultation, which is open until May 23, 2024, seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) Principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency. Fastmarkets FOEX […]
Fastmarkets will discontinue its lithium contract price assessments, effective October 2024.
After a consultation period that began on February 19, 2024, and ended on March 21 2024, Fastmarkets has discontinued Region 4 log prices. The last assessment published March 2024.  To provide feedback on this or if you would like to provide price information by becoming a data submitter to Log Lines, please contact William Perritt […]
Fastmarkets proposes to amend the chemical specifications and names of its CIF, FOB and FOT 37% manganese ore indices.