PRICING NOTICE: Discontinuation of Singapore, Malaysia zinc in-warehouse premiums

Fastmarkets discontinued its weekly premium assessments for special high grade (SHG) zinc basis in-warehouse Singapore and Malaysia on Tuesday February 12.

The decision follows a month-long consultation period which did not receive any feedback. The decision is based on previous feedback that there is limited use for these premiums as reference prices, with the majority of market participants basing their business on Singapore and Malaysia premiums on a fca basis.

The discontinued premiums are as follows:

All historical data relating to Singapore and Malaysia in-warehouse zinc premiums prior to their discontinuation will continue to be available in the pricing section of the Fastmarkets MB website.
Fastmarkets continues to publish weekly premium assessments on a Singapore fca basis and Malaysia fca basis on Tuesdays.

If you have any comments on the discontinuation of these premiums or want to contribute to our zinc premiums on an fca basis, please contact Ellie Wang/ Anna Xu by email at: pricing@fastmarkets.com. Please add the subject heading FAO: Ellie Wang / Anna Xu re: Zinc Singapore/Malaysia premiums.

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

What to read next
Fastmarkets proposes to discontinue the converted price assessments for the following markets:
Fastmarkets has discontinued the following converted price assessments:
Fastmarkets is proposing to amend the index specifications of its 62% Fe iron ore port index to more closely reflect the chemical composition of mainstream mid-grade ores produced from Australia’s Pilbara region.
Fastmarkets has amended the specifications for the weekly all-in assessment price for steel hot-dipped galvanized coil to clarify the included zinc coating extras and publish a non-market adjustment to reflect this extra.
The consultation, which is open until October 28, 2022, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for alumina, aluminium, cobalt, copper, lithium and manganese ore, 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.
Fastmarkets is inviting feedback from the industry on its pricing methodology and product specifications for non-ferrous materials, as part of its announced annual methodology review process.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed