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Fastmarkets has updated the listing of the specification for the ferro-chrome China import 50% Cr US $/Ib contained chrome cif Shanghai index in the Fastmarkets MB Non-Ferrous Methodology and Price Specifications and Fastmarkets MB Ferro-chrome methodology documents, which can be found here: https://www.metalbulletin.com/prices/pricing-methodology.html
There has been no change to the index, the data collection process or how it is calculated, which has been agreed with the market as set out in the latest ferro-chrome index pricing notice.
The specification is as follows:
Index: Ferro-chrome China import 50% Cr US $ per Ib contained chrome cif Shanghai Quality: Chrome – base 50%, range 48-52% Carbon – base 7%, max 9% Silicon – base 3%, max 6% Phosphorous – max 0.03% Sulphur – max 0.06% Dimensions 10 – 100mm Form – Lump Quantity: 1,000 tonnes minimum Location: cif China Delivery port Shanghai (other ports normalized) Delivery method seaborne Material origin: All origins Timing: Within 6 weeks Payment terms: LC at sight Publication: Weekly. Friday 3pm London time
To provide feedback on this price or if you would like to provide price information by becoming a data submitter, please contact Jon Stibbs by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Jon Stibbs, re: Ferro-chrome index”
To see all Fastmarkets’ pricing methodology and specification documents, please go to www.fastmarkets.com/about-us/methodology.