PRICING NOTICE: Proposal to amend Fastmarkets’ LME warrant premiums coverage

Fastmarkets is proposing to amend its weekly London Metal Exchange warrant premiums coverage across the entire base metals asset class.

As part of the proposal, Fastmarkets intends to move the publication date for its LME warrant premiums to Wednesday 3-4pm London time from Tuesdays 3-4pm currently.

In addition, Fastmarkets proposes to publish a new LME warrant premiums table separate from the main weekly physical premiums table, to reflect the different usage of these warrant premiums mainly referred to for inventory valuation and swap trading purposes.

Fastmarkets currently publishes its base metals premiums and LME warrant premiums together in one table.

The frequency of the coverage will remain unchanged as weekly.

LME warrants are bearer documents of title, of a specified brand, of a specified lot of metal in a specified location and warehouse registered on the LME. Fastmarkets MB assesses premiums for 21 warrant locations globally and six base metals (copper, aluminium, nickel, zinc, lead and tin).

The consultation period for this proposed amendment will end one month from the date of this pricing notice, on March 8, 2019, with changes taking place, subject to market feedback, from Monday March 11, 2019.

To provide feedback on any of the premiums or if you would like to provide price information by becoming a data submitter, please contact Hassan Butt by email at pricing@fastmarket.com. Please add the subject heading FAO: Hassan Butt, re: LME warrant premiums.

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

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.