PRICING NOTICE: Launch of China ferro-tungsten fob price assessment

Fastmarkets will launch a weekly price assessment for ferro-tungsten basis 75% W fob China on Wednesday April 14.

Following a one-month consultation, Fastmarkets has decided to relaunch its ferro-tungsten, China export min 75% $ per kg W, fob China price assessment after discontinuing it in March 2019 due to limited spot liquidity in the market.

But market participants have reported a resurgence in spot activity in the ferro-tungsten export market since the outbreak of the Covid-19 pandemic. Chinese exporters are choosing to allocate more cargoes to the spot market rather than long-term contracts because foreign buyers, particularly those from Japan and South Korea, have shown greater urgency in securing spot material.

Thus the relaunch of the price assessment will meet market participants’ needs for greater coverage of the market under these new conditions.

The specifications for this price assessment are as follows:

MB-FEU-0003 Ferro-tungsten basis 75% W fob China

Quality: Material produced from tungsten ore and concentrate; W: 75.00% min. C: 0.40% max. S: 0.08% max. Mn: 0.50% max. As: 0.10% max. Sn: 0.08% max. P: 0.05% max. Si: 0.70% max. Cu: 0.15% max. Sb: 0.05% max.
Quantity: 5 tonnes
Location: Fob China main port
Unit: USD per kg W
Form: Lump
Payment terms: Cash, other terms normalized
Publication: Weekly. Wednesday 2-3pm London

To provide feedback on this proposal, or if you would like to provide price information by becoming a data submitter, please contact Ruby Liu by email at pricing@fastmarkets.com. Please add the subject heading ‘FAO: Ruby Liu re: China ferro-tungsten fob China price.’

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

What to read next
Following an extended period for feedback regarding Random Lengths and Random Lengths International prices and methodologies, Random Lengths has decided to move forward with a pair of alterations to the lumber and panel reports.
Fastmarkets FOEX would like to thank those who took the time to respond to the consultation. Fastmarkets FOEX did not propose any changes to the methodology. The feedback was fully supportive of the current methodology. To summarize, this open consultation does not lead to material changes in the current methodology. A newly dated methodology document […]
Fastmarkets launched a new price assessment for MB-GER-0006 germanium dioxide, in-whs China, on Friday May 10.
The publication of Fastmarkets’ lithium carbonate 99.5% Li2CO3 min, battery grade, spot price cif China, Japan & Korea and lithium hydroxide monohydrate LiOH.H2O 56.5% LiOH min, battery grade, spot price cif China, Japan & Korea assessments for Thursday May 16 were delayed because of incorrect methodology application.
This consultation, which is open until June 12, 2024, 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. Please find […]
Fastmarkets proposes to lower the threshold for the carbon emissions content for its weekly green steel premium and daily inferred green steel price in Europe.