Fastmarkets to change frequency of US delivered tin price

This decision was proposed in a methodology note published on February 9, which you can view here.

This decision follows preliminary discussions with the market as well as internal meetings to review relevant Fastmarkets data, which suggested that there was low spot liquidity and price volatility. No negative feedback was received during the consultation period.

The new specifications are listed below, with the amendment of price frequency in italics:

MB-SN-0011 tin grade A min 99.85% ingot premium, ddp Midwest US, $ per tonne
Quality: Delivered premium over cost of tin of 99.85% purity (min) conforming to BS EN 610:1996, max 500ppm lead, total impurities must not exceed 0.15%
Quantity: Min 20 tonnes
Location: ddp Midwest US
Timing: Within 2 weeks
Unit: US dollars per tonne
Payment terms: 30 days, other terms normalized
Publication:Quarterly on the first Tuesday of the month (January, April, July, October). 3-4pm London time.

This price is part of the Fastmarkets Base Metals package.

Please send any questions or comments to pricing@fastmarkets.com and to basemetals@fastmarkets.com.

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.