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The additional kilogram-based prices, to be calculated from existing pound-based assessments, are intended to improve clarity and align the assessments more closely with prevailing commercial practices in Mexico’s non-ferrous scrap markets.
Market participants commonly reference kilogram-based prices in submissions, transactions and negotiations, particularly in key regions such as Monterrey and Bajío. Publishing complementary peso per kg prices alongside the existing peso per lb assessments will reduce the need for unit conversion, improve usability and reflect the format frequently used by participants across Mexico’s recycling supply chain.
Feedback from ongoing market engagement and price-submission reviews indicates that many suppliers, processors and consumers in Mexico reference kilogram-denominated prices consistent with invoicing and contract practices. The additional units are therefore intended to improve transparency and usability while maintaining continuity with the existing assessments.
Fastmarkets proposes publishing additional price assessments in peso per kg for the following:
The additional peso per kg values would be calculated from the existing peso per lb assessments using a standard conversion factor of 1 kg = 2.205 lbs.
Please note that Fastmarkets previously proposed publishing only in kilograms in a notice published March 4 which you can view here.
Fastmarkets has instead decided to continue its existing assessments in pounds and add assessments in kilograms.
Please send any questions or comments by to pricing@fastmarkets.com and metalsrecycling@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.