PRICING NOTICE: Correction to Fastmarkets’ 37% and 44% manganese ore indices rationales

Fastmarkets MB has corrected the rationales for its 37% and 44% manganese ore cif Tianjin indices, which were published incorrectly on April 26 due to a reporter error.

The rationale for the 37% manganese ore index originally read:

“And two other buyers reported deals heard at $6.00 per dmtu. Lastly one trader reported a deal heard at $6 but this was discarded because they could not be verified from either side.”

This has been corrected to:

“And two other buyers reported deals heard at $6.00 per dmtu. One of these was discarded because the data submitter was not confident the deal was completed.”

The rationale for the 44% manganese ore index originally read:

“Two sellers assessed the market at $6.55 per dmtu, and another assessed it at $6.42 per dmtu.”

This has been corrected to:

“Two sellers assessed the market at $6.42 per dmtu, and another assessed it at $6.55 per dmtu.”

Fastmarkets MB’s price book and database have been updated to reflect this change.

For more information or to provide feedback on this correction notice or if you would like to provide price information by becoming a data submitter to these indices, please contact Jon Stibbs by email at: pricing@fastmarkets.com. Please add the subject heading FAO: Jon Stibbs, re: Manganese ore indices

To see all Fastmarkets’ pricing methodology and specification documents go to https://www.metalbulletin.com/prices/pricing-methodology.html.

What to read next
Fastmarkets has clarified the specifications of its copper grade A cathode and non exchange-deliverable equivalent-grade (EQ) copper cathode premiums, to avoid any confusion regarding the deliverable status of its copper cathode assessments.
Fastmarkets is inviting feedback from the industry on the pricing methodology for its MB-IRO-0004 pig iron import, cfr Gulf of Mexico, US assessment as part of its annual methodology review process.
In the open consultation, Fastmarkets FOEX did not propose any changes and the feedback received was fully supportive to our current methodology. No material changes were made to the current methodology. A newly dated methodology document will be posted soon. For all Fastmarkets FOEX pricing notices and to view our methodology guides please see here.
This consultation, until which is open until June 24, 2023, seeks to ensure that our methodologies continue to reflect the physical market under indexation, 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. You […]
Fastmarkets is clarifying recent changes to its germanium dioxide price assessments and the reintroduction of the assessment of the price for MB-GER-0001 germanium dioxide, in-whs China, $ per kg, following market feedback.
Fastmarkets will reintroduce its MB-GER-0001 Germanium dioxide, in-whs China, price assessment on Friday May 24 after it was discontinued on May 10.