Become a customer

PRICING NOTICE: Correction to manganese ore indices

Fastmarkets has corrected its manganese ore indices, which were published incorrectly on Friday September 28 due to a calculation error.

October 4, 2018
By Generic people page
Pricing notice

The 44% manganese ore index, cif Tianjin, should have been published at $7.14 per dmtu. It was originally published at $7.29 per dmtu.

The 37% manganese ore index, fob Port Elizabeth, should have been published at $6.18 per dmtu. It was originally published at $6.16 per dmtu.

The 37% manganese ore index, cif Tianjin, should have been published at $6.86 per dmtu. It was originally published at $6.85 per dmtu.

The index is a tonnage-weighted calculation where actual spot trades have the greatest influence on the final price. Data provided to Fastmarkets MB is normalized to a base specification using in-house developed coefficients. The calculation error occurred due to the incorrect update to normalization coefficients on this occasion.

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

For further information on this correction, or if you would like to provide price information by becoming a data submitter to the manganese ore indices, please contact Inaki Villanueva by email to: pricing@fastmarkets.com. Please add the subject heading FAO: Inaki Villanueva re: 44% manganese ore index, cif Tianjin.

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

What to read next
Correction to shredded auto scrap weekly composite
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.
July 26, 2024
 · 
By Fastmarkets Staff
Correction to rationale of cobalt hydroxide 30% Co min, cif China
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.
July 26, 2024
 · 
By Sahil Shaw
Delayed publication of manganese ore seaborne prices
The publication of Fastmarkets’ manganese ore seaborne indices for Friday July 26 was delayed due to an error. Fastmarkets’ pricing database has been updated.
July 26, 2024
 · 
By Holly Chant
Proposal to amend frequency of China steel scrap import price indices
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.
July 25, 2024
 · 
By Tianran Zhao
Decision to launch US black mass payable indicators, amendment to specifications
Fastmarkets will launch its new suite of US black mass payable indicators on Wednesday August 7, following a one-month consultation period.
July 24, 2024
 · 
By Kirstyn Petras
Correction to rationale of cobalt hydroxide 30% Co min, cif China on Tuesday July 23
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 […]
July 24, 2024
 · 
By Callum Perry