PRICING NOTICE: Proposal to change frequency of Metal Bulletin’s Chinese APT export price assessments

Metal Bulletin is planning to change the frequency of assessment for its Chinese ammonium paratungstate (APT) export price quotation from Friday January 29 subject to the result of a market consultation.

Metal Bulletin is planning to change the frequency of assessment for its Chinese ammonium paratungstate (APT) export price quotation from Friday January 29 subject to the result of a market consultation.

The spot market is agreed to be illiquid and the change is aimed at allowing Metal Bulletin to capture a larger number of data points, from as many market participants as possible.

From January 29, the frequency of publication would be changed to every Wednesday between 14:00 and 15:00 London time.

Market participants have until January 25 to respond to this notice.

The chemical specification and delivery terms would be as follows:

Description: Tungsten APT, export from mainland China
Price: $ per mtu WO3, fob China
WO3: 88.5% min
Al: 0.0005% max
As: 0.001% max
Bi: 0.0001% max
Ca: 0.001% max
Cd: 0.001% max
Co: 0.005% max
Cr: 0.001% max
Cu: 0.0005% max
Fe: 0.001% max
K: 0.001% max
Mn: 0.0005% max
Mg: 0.0005% max
Mo: 0.002% max
Na: 0.001% max
Ni: 0.0005% max
P: 0.0007% max
Pb: 0.0001% max
S: 0.0008% max
Sb: 0.0002% max
Si: 0.001% max
Sn: 0.0002% max
Ti: 0.0005% max
V: 0.001% max
Form: White finely divided free-flowing crystals
Lot size: 17 tonne min
Payment terms: Cash
Assessment: On Wednesdays by Metal Bulletin’s Singapore office, except when that office is closed for public holidays. Such times will be notified well in advance.
Publication: Weekly. Between 2pm and 3pm London time on Wednesdays

If you have any comments or queries about the proposal, please contact Rena Gu, the reporter responsible for the tungsten price assessments at rena.gu@metalbulletinasia.com

Questions relating to Metal Bulletin’s pricing methodology and policy should be sent to Metal Bulletin market data and compliance manager Paolo Sorze at psorze@metalbulletin.com or Metal Bulletin editor Alex Harrison at aharrison@metalbulletin.com

Rena Gu 
Rena.gu@metalbulletinasia.com

What to read next
Random Lengths is inviting feedback from the industry on pricing methodologies for Random Lengths and Random Lengths International as part of its annual methodology review process.
Fastmarkets launches MB-CU-0513 copper cathode equivalent grade (EQ), cif Southeast Asia, $/tonne on Tuesday February 20.
Fastmarkets is inviting feedback from the industry on the pricing methodology for its steel billet import, cfr Manila, $/tonne, assessment, as part of its announced annual methodology review process.
Fastmarkets proposes to launch a steel billet import, CFR Indonesia price assessment.
Fastmarkets FOEX would like to thank for the feedback received during the consultation period. It was fully supportive to our current methodology. To summarize, this open consultation does not lead to material changes in the current methodology. A newly dated methodology document will be soon posted.
No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage. This consultation, sought to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes […]