PRICING NOTICE: Metal Bulletin’s UG2 chrome ore price specification

Metal Bulletin is proposing changes to the specification for its UG2 chrome ore price specification

PRICING NOTICE: Metal Bulletin’s UG2 chrome ore price specification

Metal Bulletin is proposing tightening the specification for its UG2 chrome ore price specification.

The existing specification is as follows: SA UG2 met grade basis 40%

The new proposal is as follows:

Description: South African UG2 chrome ore concs
Price: $ per tonne, cif main Chinese ports
Cr2O3: 42% basis, 40% min
SiO2: 6% max
Al2O3: 18% max
MgO: 15% max
P: 0.01% max
S: 0.01% max
Cr:Fe ratio: 1.2:1 min
Form: Sizing up to 1mm (95% min)
Packaging: Bulk (Container deals normalised to bulk prices)
Lot size and tolerance: 5,000 tonnes min
Payment terms: Payment at sight
Assessment: On Fridays by Metal Bulletin’s London office, except when that office is closed for public holidays. Such times will be notified well in advance
Publication: Between 2pm and 3pm London time on Fridays

If you have any questions or comments to make on the amendment of this specification, please email Janie Davies at jdavies@metalbulletin.com by September 30.

What to read next
One of the key changes proposed is to transition to a base price from the effective due to the peculiarities of the structure of the Italian rebar market. Unlike in most European countries, Italy produces two types of products for concrete reinforcement, which are bars and spools, both being widely traded. These two products have […]
The purpose of this review is to ensure that the index continues to accurately reflect prevailing market conditions. We welcome feedback from industry participants on potential amendments to the base specification. This consultation, which is open until August 9, 2025 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in […]
Fastmarkets has launched MB-AL-0424 Aluminium P1020A premium, fob Indonesia, $/tonne on July 9 due to an expected increase in Indonesia-origin aluminium exports. MB-AL-0424 Aluminium P1020A premium, fob Indonesia, $/tonneQuality: P1020A or 99.7 % Minimum Al purity (Si 0.10% max, Fe 0.20% max) in line with LME specifications. Ingot, T-bar, sowQuantity: Min 500 tonnesLocation: FOB IndonesiaTiming: […]
Information came to light that mill buying offers had been adjusted for July following Fastmarkets’ settlement of these prices on that date, leading to an incorrect published assessment for the following grades: MB-STE-0789 Steel scrap No1 heavy melting, consumer buying price, fob Montreal, Canadian $/net ton was previously published at C$245 ($179.41) per net ton, a C$10 […]
Fastmarkets has corrected its daily AG-PLM-0012 refined bleached deodorised (RBD) palm olein, fob Indonesia price assessment, which was published incorrectly on July 7 due to an input error.
Fastmarkets has had a strong interest in the proposed new assessments and would like to gather additional information on the specification and grades that should assess.  Based on the feedback, the proposed specifications have been updated as follows:  Quality: Selected Nordic (Swedish, Finnish, Norwegian) export grades of both planed and rough sawn timber spruce (whitewood) […]