Launch of US magnesium assessment: pricing notice
Fastmarkets launched a bi-weekly assessment to reflect the spot price of magnesium, ex-warehouse US on Thursday April 20.
The launch of this price assessment follows an extended consultation period that began on February 10.
The specifications for the new bi-weekly assessment are as follows:
Magnesium 99.9% min, ex-warehouse US, cents per lb
Quality: Ingots and sticks. Mg 99.9% min, Fe 0.04% max, Si 0.02% max, Ni 0.002% max, Cu 0.01% max, AL 0.02% max, Mo 0.03% max, Cl 0.05% max, others 0.1% max, conforming to ASTM specifications B92/92M-11 and 9990A
Quantity: 20 tonnes
Location: Ex-warehouse, US
Timing: Within 30 days
Units: US cents per lb
Publication: Bi-weekly, Thursdays
To provide feedback on this assessment, or if you would like to provide price information by becoming a data submitter to this assessment, please contact Chris Kavanagh by email at: firstname.lastname@example.org. Please add the subject heading “FAO: Chris Kavanagh re: US magnesium price assessment.”
To see all of Fastmarkets’ pricing methodology and specification documents go to https://www.fastmarkets.com/about-us/methodology.