PRICING NOTICE: Metal Bulletin raises minimum tonnage for European zinc premium assessments

Metal Bulletin has raised the minimum tonnage for the assessments of its zinc premiums for European countries to 100 tonnes from 25 tonnes.

During the one-month consultation, European market participants expressed concerns of the representativeness of premiums for small parcels and suggested an increase in the minimum tonnages of the assessments.

Therefore, Metal Bulletin has decided to increase the minimum tonnage for its European zinc premiums to 100 tonnes.
Metal Bulletin publishes four weekly assessments for European zinc premiums:
• Zinc SHG ingot FCA duty-paid Rotterdam
• Zinc SHG ingot FCA duty-paid Antwerp
• Zinc SHG ingot FCA duty-paid Italy
• Zinc SHG ingot delivered duty-paid Italy

The minimum lot size in all of the above assessments is being raised to 100 tonnes from 25 tonnes. The minimum lot size of Metal Bulletin’s other special high grade (SHG) zinc ingots premium assessments for other regions will be unchanged at 25 tonnes.

The amended specifications are as below:

Description: Zinc SHG ingot FCA duty-paid Rotterdam
Type: Assessed range
Basis: Free-carrier basis delivery in Rotterdam, duty-paid premium on top of LME cash prices
Grade: Special High Grade zinc of minimum 99.995% purity, conforming to LME specifications and
relevant standards: BS EN 1179:2003, ISO 752:2004 – ZN-1 grade, ASTM B6-12 – LME grade or GB/T 470-2008
Currency: USD
Unit: Tonne
Min lot size: 100 tonnes
Payment terms: Cash, other payment terms normalized
Delivery Window: Within 4 weeks
Form: Ingot
Publication: Weekly. Tuesday between 3pm and 4pm, London time

Description: Zinc SHG ingot FCA duty-paid Antwerp
Type: Assessed range
Basis: Free-carrier basis delivery in Antwerp, duty-paid premium on top of LME cash prices
Grade: Special High Grade zinc of minimum 99.995% purity, conforming to LME specifications and
relevant standards: BS EN 1179:2003, ISO 752:2004 – ZN-1 grade, ASTM B6-12 – LME grade or GB/T 470-2008
Currency: USD
Unit: tonne
Min lot size: 100 tonnes
Payment terms: Cash, other payment terms normalized
Delivery Window: Within 4 weeks
Form: Ingot
Publication: Weekly. Tuesday between 3pm and 4pm, London time

Description: Zinc SHG ingot FCA duty-paid Italy
Type: Assessed range
Basis: Free-carrier basis delivery in Italy, duty-paid premium on top of LME cash prices
Grade: Special High Grade zinc of minimum 99.995% purity, conforming to LME specifications and
relevant standards: BS EN 1179:2003, ISO 752:2004 – ZN-1 grade, ASTM B6-12 – LME grade or GB/T 470-2008
Currency: USD
Unit: Tonne
Min lot size: 100 tonnes
Payment terms: Cash, other payment terms normalized
Delivery Window: Within 4 weeks
Form: Ingot
Publication: Weekly. Tuesday between 3pm and 4pm, London time

Description: Zinc SHG ingot delivered duty-paid Italy
Type: Assessed range
Basis: Delivered duty paid consumer works in Italy, premium on top of LME cash prices
Grade: Special High Grade zinc of minimum 99.995% purity, conforming to LME specifications and
relevant standards: BS EN 1179:2003, ISO 752:2004 – ZN-1 grade, ASTM B6-12 – LME grade or GB/T 470-2008
Currency: USD
Unit: Tonne
Min lot size: 100 tonnes
Payment terms: Cash, other payment terms normalized
Delivery Window: Within 4 weeks
Form: Ingot
Publication: Weekly. Tuesday between 3pm and 4pm, London time

The publication of this notice was delayed due to a technical error. The consultation period ended on Thursday September 6, with changes taking place on September 11. Since then all deals included in the above Metal Bulletin assessments have been of a lot size equivalent or bigger than 100 tonnes.

To provide feedback on this pricing notice or if you would like to provide price information by becoming a data submitter to this price, contact Archie Hunter/ Julian Luk by email at: pricing@metalbulletin.com. Please add the subject heading “FAO: Archie Hunter / Julian Luk, RE: Min lot size for European zinc premiums”.

Click here to see all of Metal Bulletin’s pricing methodology and specification documents.

What to read next
The publication of Fastmarkets’ Vietnamese steel scrap import assessments for Friday June 14 were delayed because of a reporter error. Fastmarkets’ pricing database has been updated.
In the open consultation, Fastmarkets FOEX did not propose any changes, and there was no feedback received during the process. No material changes were made to the current methodology. A newly dated methodology document has been posted here.
The publication of Fastmarkets’ aluminium scrap and secondary aluminium ingot price assessments for Wednesday June 12 were delayed because of a reporter error. Fastmarkets’ pricing database has been updated.
The publication of Fastmarkets’ MB-IRO-0186 iron ore DR grade pellet premium indicator for Wednesday June 12 was delayed due to an error in the review process.
Fastmarkets proposes to discontinue its weekly price assessments for AG-UCO-0013 UCO, Chinese flexi-tank, CFR Antwerp, Rotterdam, Amsterdam, and AG-UCO-0012 UCO, Chinese bulk, CIF Antwerp, Rotterdam, Amsterdam.
Fastmarkets wishes to clarify the specifications for its European animal fats price assessments.