Become a customer

Launch of Asia HBI price

Fastmarkets launches its cfr Asia hot-briquetted iron (HBI) price on Thursday June 1, with the first price published on Friday June 9.

May 3, 2023
Pricing notice Steel raw materials

After an extended consultation period, Fastmarkets will launch the Asia hot-briquetted iron (HBI) price, cfr Southeast Asia.

HBI is a direct-charge metallic, which is used to reduce emissions in blast furnace-based converters. It can also be used in electric-arc furnaces.

Fastmarkets has expanded the geographical coverage of the Asia HBI prices after market feedback indicated there might be insufficient liquidity and spot trades in Asia.

Specification
Quality: 88-94% Fe, 90-140mm x 48-58mm x 32-34mm
Quantity: 10,000-30,000 tonnes
Location: CFR Southeast Asian ports
Timing: 0-8 weeks
Unit: USD/tonne
Payment terms: Letter of credit
Publication: Second and fourth Friday of each month, by 6pm Singapore time.

To provide feedback on the proposed Southeast Asia HBI price or if you would like to provide price information by becoming a data submitter to this price, please contact Paul Lim by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Paul Lim, re: Southeast Asia HBI price.”

To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.

What to read next
Amendment to black mass payable indicators
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.
April 26, 2024
 · 
By Lee Allen
Open consultation on methodology for Asia recovered Paper and Asia Packaging Paper and Board
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 […]
April 26, 2024
 · 
By Nick Chang
Annual Review of PIX Packaging Europe Indices Methodology – Open Consultation
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 […]
April 25, 2024
 · 
By the Fastmarkets team
Decision to discontinue lithium contract price assessments
Fastmarkets will discontinue its lithium contract price assessments, effective October 2024.
April 24, 2024
 · 
By Justin Yang
Discontinuation of Log Lines prices for Region 4 logs – Implementation
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 […]
April 23, 2024
 · 
By William Perritt
Proposal to amend specifications, names of 37% manganese ore indices: pricing notice
Fastmarkets proposes to amend the chemical specifications and names of its CIF, FOB and FOT 37% manganese ore indices.
April 23, 2024
 · 
By Tina Tong