Fastmarkets launches CIF global tungsten concentrate price assessment: pricing notice

The new assessment will be in addition to our existing price assessment for MB-W-0002 tungsten concentrate 65% WO3, in-whs China.

The price is assessed on a CIF global basis, rather than on a CIF Rotterdam and CIF Baltimore basis.

The launch follows a consultation period that started on Monday November 10 and ended on Monday December 8.

The specification is as follows:

MB-W-0005 – Tungsten concentrate, basis 50-70% WO3, spot price, CIF global, $ per mtu WO3
Quality: Powder, free flowing. WO3 50-70%, Mo 1% max, U + Th 0.05% max, SiO2 typically ≤25%, radioactivity typically 0.4-0.6 Bq/g and below class 7 hazardous material
Quantity: Min 20 tonnes
Location: CIF global
Timing: For material arriving within three months
Unit: USD per mtu WO3
Payment terms: 30 days (other payment terms normalized)
Publication: Weekly. Friday, 2-3pm London time
Notes: Prices expressed as a percentage of Fastmarkets’ price assessment for MB-W-0001 Tungsten APT 88.5% WO3 min Europe, cif Rotterdam and Baltimore duty-free, $ per mtu WO3 may be included, and will be recorded in $ per mtu, using the midpoint of the latest published APT range.

This price is part of Fastmarkets’ ores and alloys physical price package.

To provide feedback on this price or if you would like to provide price information by becoming a data submitter to Fastmarkets’ tungsten prices, please contact us by email at ores_alloys@fastmarkets.com and pricing@fastmarkets.com. Please add the subject heading “re: tungsten concentrate, basis 50-70% WO3, spot price, CIF global, $ per mtu WO3.”

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.