PRICING NOTICE: Change of base metals pricing schedule and timing

Metal Bulletin will amend the publication time of its global base metals premiums to 3pm-4pm London time from January 17, from 2pm-3pm previously.

The change follows last year’s acquisition of FastMarkets and the process that followed, which included the rationalisation of specifications and integration of methodologies. From January 17, premiums provided to both Metal Bulletin and FastMarkets subscribers will be produced by one integrated Metal Bulletin editorial team, following three months of parallel pricing.

The change applies to all base metals premiums including the daily Rotterdam aluminium duty-unpaid premium and twice-weekly duty-paid assessments, which are used in CME’s premium futures contracts.

The new timing will enable Metal Bulletin to concentrate its premium pricing on one day and publish the bulk of its weekly base metals premium assessments on Tuesdays, rather than spreading them throughout the week.

The assessments for base metal offgrade, scrap, concentrate, secondary alloy and refined products such as billet and foundry alloy, will remain on their existing pricing schedule and not move to Tuesdays.

See also:
PRICING NOTICE: How Metal Bulletin base metals prices will be amended after the FastMarkets acquisition

What to read next
Glencore’s Gary Nagle might have spoken too soon when he said that his company wouldn’t be hit by a nickel fraud similar to that seen by its rival, Trafigura
Fastmarkets proposes to amend its steel cut-to-length plate carbon grade, fob mill US assessment to exclude material below 0.375 inches of thickness, which is sold with an added cost by several major mills.
The European Union’s much-anticipated Critical Raw Materials Act, announced on Thursday March 16 by European Commission president Ursula von der Leyen, has set out new lists of the raw materials now formally designated as strategic and critical
The London Metal Exchange is facing lawsuits seeking damages collectively worth more than half a billion dollars for losses that investors allege they suffered as a result of nickel trades being canceled by the exchange last year
The publication of a number of Fastmarkets’ price assessments was delayed on Thursday March 16 for technical reasons.
Continued tightness of class one supply within Europe and increased buying interest amid falling London Metal Exchange nickel prices and fresh liquidity have prompted an increase in premiums within Europe, while US and Chinese premiums remain steady for now
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.