PRICING NOTICE: Amendment to frequency of fob China rebar index

After a month-long consultation, Fastmarkets has amended the frequency for the publication of its fob China rebar index due to low liquidity in the spot market in the past year.

The amendment will turn the daily price into a weekly one published on Tuesday at 5-6pm Shanghai time from February 8.

All other specifications of this price remain unchanged, as follows:

MB-STE-0147 Steel reinforcing bar (rebar) index export, fob China main port, $/tonne
Quality: BS500B, chromium added, other grades normalized, diameter 12-32mm
Quantity: 100-5,000 tonnes
Location: fob China main port. Other ports normalized
Timing: 4-5 weeks
Unit: $/tonne
Payment terms: Letter of credit on sight
Publication: Weekly, Tuesday, 5-6pm Shanghai time
Notes: Tax rebate of 13%, subtracted from 13% VAT. Data history as an assessment from July 2007 and as an index from October 2017

All historical data for this price remains available on Fastmarkets’ pricing database, MInD.

To provide feedback on this price or if you would like to provide price information by becoming a data submitter, please contact Jessica Zong by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Jessica Zong, re: fob China rebar index.”

To see all of Fastmarkets’ pricing methodology and specification documents, please go to https://www.metalbulletin.com/ prices/pricing-methodology.html.
What to read next
Fastmarkets proposes to discontinue the converted price assessments for the following markets:
Fastmarkets has discontinued the following converted price assessments:
Fastmarkets is proposing to amend the index specifications of its 62% Fe iron ore port index to more closely reflect the chemical composition of mainstream mid-grade ores produced from Australia’s Pilbara region.
Fastmarkets has amended the specifications for the weekly all-in assessment price for steel hot-dipped galvanized coil to clarify the included zinc coating extras and publish a non-market adjustment to reflect this extra.
The consultation, which is open until October 28, 2022, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for alumina, aluminium, cobalt, copper, lithium and manganese ore, 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 is inviting feedback from the industry on its pricing methodology and product specifications for non-ferrous materials, as part of its announced annual methodology review process.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed