PRICING NOTICE: Proposal to discontinue $/lb prices for Midwest US aluminium, lead and zinc premiums

Fastmarkets proposes to discontinue the publication of the following premiums, on a $/lb basis:

Publication of these prices will continue, on a US cents/lb basis, under the following price symbols: 

The decision to remove the calculation of a $ per lb price reflects industry practice where $ per tonne and US cent per lb are the standard price references.

The consultation period for the discontinuation of these prices will end one month from the date of this pricing notice, on Friday February 28, 2020, with changes taking effect on the next due date of publication.

If you are affected by this price discontinuation or wish to provide feedback please contact pricing@fastmarkets.com by February 28. Please add the subject heading ‘FAO: Juliet Walsh Re: $/lb price discontinuation’.

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

What to read next
Fastmarkets has corrected its MB-STE-0523 Steel scrap shredded auto scrap, consumer buying price, delivered mill, $/gross ton, weekly composite, which was published incorrectly since June 14.
Fastmarkets has corrected the rationale for its MB-CO-0020 cobalt hydroxide 30% Co min, cif China, $/lb price, which was published incorrectly on Friday July 26.
The publication of Fastmarkets’ manganese ore seaborne indices for Friday July 26 was delayed due to an error. Fastmarkets’ pricing database has been updated.
Fastmarkets proposes to amend the pricing frequency of its MB-STE-0889 steel scrap, index, heavy recycled steel materials, cfr east China, and MB-STE-0895 steel scrap, index, heavy recycled steel materials, cfr north China to once a month from the current weekly basis.
Fastmarkets will launch its new suite of US black mass payable indicators on Wednesday August 7, following a one-month consultation period.
The opening line of the rationale incorrectly listed the price range as $6.60-6.80 per lb. This has been corrected to $6.40-6.60 per lb. The published price is unaffected by this change. This price is part of the Fastmarkets minor metals package. For more information or to provide feedback on this correction notice or if you […]