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
Fastmarkets proposes to launch two price assessments for 400 stainless steel: stainless steel 409 cold-rolled sheet, fob mill US, $/cwt and stainless steel 430 cold-rolled sheet, fob mill US, $/cwt.
Currently, its suite of consumer stainless scrap assessments settle on the 10th of each calendar month in line with the publication deadline of the US ferrous scrap settlement. North American ferrous scrap prices settle on or before the 10th of the month, per Fastmarkets’ methodology, which can be found here. US domestic ferrous markets are taking […]
The amendment would decrease publishing frequency to twice per week from daily, to reflect lower market liquidity following Russia’s invasion of Ukraine in 2022 and resulting in Western sanctions against Russia that led to lower export sales volumes from the country. This is also while the effect of the war has resulted in lower sales […]
Fastmarkets will launch a FP-CBB-0115 coated ivory board, 250g/m2, Chinese exports to Southeast Asia FOB price assessment on February 28.
Fastmarkets is inviting feedback from the industry on the pricing methodology for its PIX Pulp Europe (gross) and PIX Pulp China (net) indices as part of its announced annual methodology review process.
Fastmarkets proposes to launch three assessments for primary aluminium premiums in Mexico: a P1020A premium, a low-carbon differential for P1020A and a 6063 extrusion billet premium — all on a CIF basis for the main ports of the country.