Fastmarkets implements manganese ore base brand adjustment from Nov 1: pricing notice

Fastmarkets’ MB-MNO-0001 manganese ore high grade index tracks the spot prices of high-grade manganese ore in the CIF China market, with manganese content and other chemical specifications set to match the prevailing brands.

Fastmarkets’ MB-MNO-0005 manganese ore high grade port index tracks the spot prices of high-grade manganese ore in the FOT China market, with manganese content and other chemical specifications set to match the prevailing brands.

After a period of observation of spot market trends and developments, Fastmarkets has gathered sufficient data and background to recalibrate the base brands to reflect the higher liquidity and diversity of material in these markets.

This adjustment has been kept within the current parameters of the methodology, using the same chemical specifications, to maintain stability of the indices.

This adjustment in base brands has been applied from November 1. This change was previously announced on October 13.

Disclaimer: Fastmarkets does not endorse or vet base brands as superior to others. They are used solely as representative anchors for normalization purposes. Fastmarkets reserves the right to amend the base brand(s) and index specifications in response to fundamental changes in products and market behavior.

Fastmarkets specifications define only chemical and physical properties. Soft factors and base brands are not disclosed.

To provide feedback on this decision on the manganese ore high grade indices, please send feedback to pricing@fastmarkets.com and ores_alloys@fastmarkets.com. Please add the subject heading “FAO: Paul Lim/Janie Davies, re: manganese ore high grade indices.”

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 the Fastmarkets methodology page.