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Fastmarkets has updated the magnesium oxide (MgO) specifications of its weekly price index for UG2 chrome ore to match the quality listed in the index’s pricing notice.
The MgO previously, and erroneously, was listed in the specifications at MgO max 0.15% although the correct quality in the pricing notice was max 15%.
Fastmarkets confirms that the specifications read as follows, following the clarification:
MB-CHO-0003 Chrome ore South Africa UG2 concentrates index, basis 42%, cif China, $ per tonne Quality: Up to 1mm (95% min); Cr base 42%, range 40-43%; Silica max 6%; Alumina max 18%; MgO max 15%; P max 0.01%; S max 0.01%; chrome-iron ratio 1.2:1 min Quantity: Min 2,000 tonnes Location: cif China Unit: USD per tonne Payment terms: Payment at sight Publication: Weekly; Tuesday, 3pm London time Notes: Bulk (container deals normalized)
To provide feedback on this price, or if you would like to provide price information by becoming a data submitter to this price, please contact Jon Stibbs by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Jon Stibbs, re: UG2 specifications.”
To see all Fastmarkets’ pricing methodology and specification documents, go to: https://www.fastmarkets.com/%20about-us/methodology.