PRICING NOTICE: Metal Bulletin invites feedback on reducing the minimum tonnage for FeW in Europe

Following various conversations with market participants, Metal Bulletin is considering reducing the minimum tonnage for the ferro-tungsten specification used for its European price quotation to 10 tonnes.

Following various conversations with market participants, Metal Bulletin is considering reducing the minimum tonnage for the ferro-tungsten specification used for its European price quotation to 10 tonnes.

Participants have said they believe this would allow more business to be taken into account, as fewer full-truck sales are concluded in the spot market as it stands, and the majority of sales are for 10 tonnes or below.

The minimum tonnage currently stands at 18 tonnes, with a volume tolerance of +/- 5%, which some participants have said excludes too many deals from consideration.

Metal Bulletin is now inviting feedback on this proposal and plans to make a decision by the beginning of 2015.

No other changes to this quotation are planned and this will remain the case unless a specific request is made, at which point a further notice and invitation to provide feedback would be published.

Please send comments on the proposed reduction in the minimum tonnage to Claire Hack at the email address below by December 31. 

Claire Hack
chack@metalbulletin.com
Twitter: @clairehack_mb

What to read next
Following an initial consultation with the market, Fastmarkets is proposing to:  The new specifications would be as follows, with amendments in italics: MB-CU-0002 Copper grade 1 cathode premium, ddp Midwest US, US cents/lb Quality: Grade A 99.9935% min copper cathode conforming to LME specifications BS EN 1978:2022 – Cu-CATH-1 or Grade 1 Electrolytic Copper Cathode ATSM B1115-10 Quantity: Min […]
The proposed price will expand Fastmarkets’ coverage of the flat stainless steel market in Europe by complementing the price assessment for MB-STS-0281 stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe. The proposal follows preliminary discussions with the market and coincides with a proposal to discontinue the assessment of the base price for […]
The proposal follows preliminary discussions with the market and interrogation of existing data collected by Fastmarkets, which suggest that these prices are no longer used by the wider market. Base price trading has been suspended since the end of 2022 due to poor market conditions. In its place, business has been done on a transaction […]
This strategic launch is intended to offer the market a single reference price denoting the differential between US Midwest rebar and heavy melting-grade scrap, a key component in the production of that grade. Details of the previous launches can be found via this link. The methodology specification for this differential is: MB-STE-0930 Steel reinforcing bar […]
Fastmarkets has concluded its annual industry consultation and will add new straight-length assessments for Eastern S-P-F #1&2 2x4 and 2x6 8’-16’ delivered Toronto. Fastmarkets will also assess an adder for Southern Yellow Pine #2 Prime 2x4, 2x6, and 2x8.
The last assessments for the LWC and MWC rotogravure grades will be published on July 17. The prices will be discontinued on August 21. The affected prices are: FP-GP-0027 LWC rotogravure reels 60-g, France, €/tonne FP-GP-0026 LWC rotogravure reels 60-g, Germany, €/tonne FP-GP-0083 LWC rotogravure reels 57-g, Germany, €/tonne FP-GP-0082 LWC rotogravure reels 54-g, Germany, €/tonne FP-GP-0086 MWC rotogravure reels […]