PRICING NOTICE: Amendments to Metal Bulletin’s cobalt price specifications

In light of feedback received as part of the consultation on its international cobalt price specifications, Metal Bulletin will change the names of its benchmark in-warehouse Rotterdam assessments from January 2019.

From January 2019, the name ‘standard-grade’ will replace the name ‘low-grade’. The name ‘alloy-grade’ will replace the name ‘high-grade’.

The last date prices will be published under the names ‘low-grade’ and ‘high grade’ will be Friday December 28.

Prices will be published under their new names from January 2, 2019.

All historical data relating to the two price assessments prior to the amendment will remain available in the pricing section of the Metal Bulletin website.

Those active in the cobalt market have until Friday June 8 to notify Metal Bulletin of any comments on the changes outlined above, including requirements to facilitate a smooth transition in names.

Metal Bulletin will provide confirmation of the changes outlined above, including an updated standalone methodology document, by June 13, 2018.

Additional details on the feedback received as part of Metal Bulletin’s cobalt price consultation will follow in the coming days.

To provide feedback on Metal Bulletin’s cobalt price assessments or if you would like to provide price information by becoming a data submitter to the cobalt price assessments, please contact Charlotte Radford by email at: pricing@metalbulletin.com. Please add the subject heading ‘FAO: Charlotte Radford, re: cobalt’.

What to read next
Fastmarkets has corrected its MB-STE-0523 Steel scrap shredded auto scrap, consumer buying price, delivered mill, $/gross ton, weekly composite, which was published incorrectly since June 14.
Fastmarkets has corrected the rationale for its MB-CO-0020 cobalt hydroxide 30% Co min, cif China, $/lb price, which was published incorrectly on Friday July 26.
The publication of Fastmarkets’ manganese ore seaborne indices for Friday July 26 was delayed due to an error. Fastmarkets’ pricing database has been updated.
Fastmarkets proposes to amend the pricing frequency of its MB-STE-0889 steel scrap, index, heavy recycled steel materials, cfr east China, and MB-STE-0895 steel scrap, index, heavy recycled steel materials, cfr north China to once a month from the current weekly basis.
Fastmarkets will launch its new suite of US black mass payable indicators on Wednesday August 7, following a one-month consultation period.
The opening line of the rationale incorrectly listed the price range as $6.60-6.80 per lb. This has been corrected to $6.40-6.60 per lb. The published price is unaffected by this change. This price is part of the Fastmarkets minor metals package. For more information or to provide feedback on this correction notice or if you […]