PRICING NOTICE: Proposal to change the frequency of Chinese domestic ferro-silicon assessments

Metal Bulletin is proposing to change the frequency of assessment for its Chinese free market in-warehouse ferro-silicon price from fortnightly to weekly from Friday December 2, subject to the results of a market consultation.

The proposal is due to an increase in spot activity seen in the market in recent months, leading to more data points being submitted on a fortnightly basis.

The change will allow Metal Bulletin to capture market moves faster and more frequently. The change is being made to maximise the number of market participants and data points contributing to each assessment.

Subject to the consultation, Chinese domestic free market in-warehouse ferro-silicon price will be published in the price book on every Friday with effect from December 2.

The consultation for this proposal will end on Wednesday November 30.

The full specification for the price assessment will be as follows:

Description: Ferro-silicon, min 75%, China domestic*
Price: Yuan per tonne, in-warehouse China, price for all Si grades normalised to 75% on pro rata basis
Si: 75-80%
Mn: 0.4% max
Al: 2.0% max
Cr: 0.3% max
P: 0.035% max
S: 0.02% max
C: 0.1% max
Form: Lumps
Lot size: 100T minimum
Payment terms: cash, other payment terms normalised
Assessment: Every Friday by Metal Bulletin’s Shanghai 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

*The description has been simplified from the previous version: Ferro-silicon Metal Bulletin Chinese free market min 75% in warehouse China RMB per tonne

If you have any comments about this proposal, or would like to contribute to this price assessment, please contact Echo Ma at echo.ma@metalbulletinasia.com.

If you have any questions about Metal Bulletin’s general pricing methodology and policy, please contact market data and compliance manager Paolo Sorze at psorze@metalbulletin.com or Metal Bulletin Asia editor Shivani Singh at shivani.singh@metalbulletinasia.com.

What to read next
The prices were published at 3:59 pm UK time instead of the scheduled time of 2-3 pm UK time. The following price was published late:MB-STE-0149 steel scrap heavy scrap domestic, delivered mill China, yuan/tonne  These prices are a part of the Fastmarkets scrap package. For more information or to provide feedback on the delayed publication of […]
The publication of Fastmarkets’ iron ore indices for Friday June 20 was delayed due to a technical issue. Fastmarkets’ pricing database has been updated. The following indices were affected:MB-IRO-0191 61% Fe fines, cfr Qingdao, $/tonneMB-IRO-0008 62% Fe fines, cfr Qingdao, $/tonneMB-IRO-0144 62% Fe low-alumina fines, cfr Qingdao, $/tonneMB-IRO-0015 Iron ore 58% Fe fines, cfr Qingdao, […]
Fastmarkets proposes to discontinue its outright price assessments for mixed hydroxide precipitate (MHP).
The publication of Fastmarkets’ MB-ILM-0004 Ilmenite concentrate, 47-49% TiO2, cif China, $/tonne, MB-RUT-0001 Rutile 95% TiO2 min, large volumes for pigment, fob Australia, $/tonne and MB-RUT-0002 Rutile 95% TiO2 min, bagged, fob Australia, $/tonne price assessments for Thursday June 19 were delayed because of reporter error. Fastmarkets’ pricing database has been updated. The following prices […]
Due to a system error, the market price for June 2 was used twice in the calculation of the weekly average for AG-FML-0008 Feathermeal, fob US Delmarva Peninsula, $/short ton, resulting in an error. Fastmarkets’ pricing database has been updated to reflect this change. Incorrect weekly average for May 31-June 6: $185-270 per short tonCorrect weekly average […]
Following preliminary discussions with the market and interrogation of data collected by Fastmarkets over recent months, Fastmarkets now proposes to assess and publish the price for ferro-niobium, 63-67%, delivered consumer works, dp Europe, on Wednesdays and Fridays, from the current basis of once weekly on Wednesdays. This more frequent price assessment will enable Fastmarkets to […]