PRICING NOTICE: Proposal to change the Rotterdam export HMS 1&2 (70:30 mix) price to HMS 1&2 (75:25 mix)

Metal Bulletin is proposing to change its weekly price assessment for Rotterdam export HMS 1&2 (70:30 mix) to Rotterdam export HMS 1&2 (75:25 mix).

HMS 1&2 (70:30) scrap is no longer being exported out of Rotterdam and has been replaced by HMS 1&2 (75:25) scrap.

The proposed specification:

Assessment: Ferrous scrap Rotterdam export HMS 1&2 (75:25 mix) $ per tonne fob Rotterdam
Dimensions: 18x36 inches to .24x60 inches
Quantity: Standard order size 1,000 tonnes
Location: FOB Rotterdam
Timing: Up to 6 weeks
Unit: USD/tonne
Payment terms: LC, bank transfer
Publication: Weekly. Friday, 4.30pm London time

The consultation period for this price amendment will end one month from the date of this pricing notice, on August 20, 2018, with changes taking place, subject to market feedback, from August 24, 2018.

All historical data relating to these prices prior to the proposed amendment will remain available in the pricing section of the Metal Bulletin website.

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 Cem Türken by email at: pricing@metalbulletin.com. Please add the subject heading ‘FAO: Cem Türken, re: Rotterdam HMS 1&2 (75:25) export price’.

To see all Metal Bulletin’s pricing methodology and specification documents go to https://www.metalbulletin.com/prices/pricing-methodology.html

What to read next
Fastmarkets proposes to discontinue the converted price assessments for the following markets:
Fastmarkets has discontinued the following converted price assessments:
Fastmarkets is proposing to amend the index specifications of its 62% Fe iron ore port index to more closely reflect the chemical composition of mainstream mid-grade ores produced from Australia’s Pilbara region.
Fastmarkets has amended the specifications for the weekly all-in assessment price for steel hot-dipped galvanized coil to clarify the included zinc coating extras and publish a non-market adjustment to reflect this extra.
The consultation, which is open until October 28, 2022, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for alumina, aluminium, cobalt, copper, lithium and manganese ore, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.
Fastmarkets is inviting feedback from the industry on its pricing methodology and product specifications for non-ferrous materials, as part of its announced annual methodology review process.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed