PRICING NOTICE: Delayed publication of ferro-chrome lumpy Cr charge quarterly settlement

The publication of the ferro-chrome lumpy Cr charge quarterly, basis 52% Cr (and high carbon), delivered Europe, settlement was delayed because of a processing error.

Ferro-chrome lumpy Cr charge quarterly, basis 52% Cr (and high carbon), delivered Europe settled at $1.02 per lb for the fourth quarter 2019, down from $1.04 in the third quarter.

The publication of the quarterly benchmark should have published on October 1 but was delayed until October 2 in error. Fastmarkets price book and database have both since been updated and the publication date has been backdated to October 1 to reflect the settlement date.

The benchmark is negotiated every quarter by a leading South African ferro-chrome producer and a major European stainless steel mill.

The settlement is announced by Merafe Resources, which operates a chrome joint venture with trader-miner Glencore in South Africa. The benchmark is a forward-looking price for the coming quarter.

For more information or to provide feedback on the delayed publication of this settlement or if you would like to provide price information by becoming a data submitter to this sector, please contact Jon Stibbs by email at: pricing@fastmarkets.com. Please add the subject heading ‘FAO: Jon Stibbs, re: ferro-chrome.’

To see all Fastmarkets’ pricing methodology and specification documents go to https://www.fastmarkets.com/about-us/methodology

What to read next
The publication of the affected prices was delayed for 50 minutes. The following indices were published late: MB-MNO-0001 Manganese ore high grade index, cif Tianjin, $ per dmtu MB-MNO-0002 Manganese ore semi carbonate index, 36.5% Mn, fob Port Elizabeth, $/dmtu MB-MNO-0003 Manganese ore semi carbonate index, 36.5% Mn, cif Tianjin, $/dmtu These prices are a part of the […]
Fastmarkets proposes to amend the specifications of its weekly price assessment for MB-STE-0037 steel rebar domestic exw Italy to better reflect the material traded in the market.
The purpose of this review is to ensure that the index continues to accurately reflect prevailing market conditions. We welcome feedback from industry participants on potential amendments to the base specification. This consultation, which is open until August 9, 2025 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in […]
Fastmarkets has launched MB-AL-0424 Aluminium P1020A premium, fob Indonesia, $/tonne on July 9 due to an expected increase in Indonesia-origin aluminium exports. MB-AL-0424 Aluminium P1020A premium, fob Indonesia, $/tonneQuality: P1020A or 99.7 % Minimum Al purity (Si 0.10% max, Fe 0.20% max) in line with LME specifications. Ingot, T-bar, sowQuantity: Min 500 tonnesLocation: FOB IndonesiaTiming: […]
Information came to light that mill buying offers had been adjusted for July following Fastmarkets’ settlement of these prices on that date, leading to an incorrect published assessment for the following grades: MB-STE-0789 Steel scrap No1 heavy melting, consumer buying price, fob Montreal, Canadian $/net ton was previously published at C$245 ($179.41) per net ton, a C$10 […]
Fastmarkets has corrected its daily AG-PLM-0012 refined bleached deodorised (RBD) palm olein, fob Indonesia price assessment, which was published incorrectly on July 7 due to an input error.