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At present, the chemical specifications of the two prices state all data points will be considered for material with a minimum Cr content of 60%. Metal Bulletin proposes amending the specifications from “Cr: 60% min” to “Cr: 60% basis” in order to bring them in-line with the names of the prices.
Under the proposed changes, the new specification for the Japanese price would be below. The changed section is in bold.
High-carbon Ferro-chrome Japan import 8-9% C, basis 60% Cr, cif Japan, duty-unpaid, $ per lb contained chrome
Price: High-carbon Ferro-chrome Japan import 8-9% C, basis 60% Cr, cif Japan, duty-unpaid, $ per lb contained chrome
Type: Assessed range
Basis: Cif Japan Currency: USD
Unit: lb of chrome contained
Min lot size: 100 tonnes
Payment terms: LC at sight and TT
Quality: Cr: 60% basis, C: 8-9% max, Si 3-4% max, P: 0.04% max, S: 0.05% max; size 10-50mm
Form: Lump
Publication: Weekly.
Friday between 2pm and 3pm London time
The current specification is laid out below, with the section that is proposed to be changed in bold.
Quality: Cr: 60% min, C: 8-9% max, Si 3-4% max, P: 0.04% max, S: 0.05% max; size 10-50mm
High-carbon Ferro-chrome South Korea import 8-9% C, basis 60% Cr, cif South Korea, duty unpaid, $per lb contained chrome
Under the proposed changes, the new specification for the South Korea price would be below. The changed section is in bold.
Price: High-carbon Ferro-chrome South Korea import 8-9% C, basis 60% Cr, cif South Korea, duty unpaid, $per lb contained chrome
Basis: Cif South Korea
Currency: USD
Quality: Cr: 60% basis, C: 8-9% max, Si 3-4% max, P: 0.04% max, S: 0.06% max; size 10-50mm
Publication: Weekly. Friday between 2pm and 3pm London time
Quality: Cr: 60% min, C: 8-9% max, Si 3-4% max, P: 0.04% max, S: 0.06% max; size 10-50mm
The consultation period for this proposed amendment will end one month from the date of this pricing notice on October 18, with changes taking place from October 19, subject to market feedback.
To provide feedback on this price or if you would like to provide price information by becoming a data submitter to this price, please contact Karen Ng by email at: pricing@metalbulletin.com. Please add the subject heading FAO: Karen Ng, re: High-carbon Ferro-chrome Japan/South Korea import 8-9% C, basis 60% Cr, cif
To see all Metal Bulletin’s pricing methodology and specification documents go to https://www.metalbulletin.com/prices/pricing-methodology.html