PRICING NOTICE: Proposal to discontinue Singapore, Malaysia zinc in-warehouse premiums

Fastmarkets proposes to discontinue its premium assessments for special high grade (SHG) zinc basis in-warehouse Singapore and Malaysia.

The proposal is based on market feedback that there is limited use for these premiums as reference prices, with the majority of market participants basing their business on Singapore and Malaysia premiums on a fca basis.

Therefore, Fastmarkets intends to discontinue the following premiums, subject to a market consultation:

Zinc premium 99.995% purity, in-warehouse Singapore
Zinc premium 99.995% purity, in-warehouse Malaysia

Fastmarkets will continue to publish weekly premium assessments on a Singapore fca basis and Malaysia fca basis on Tuesdays.

The consultation period for the discontinuation of these two in-warehouse premiums will end one month from the date of this pricing notice on Monday February 5 with changes taking place, subject to market feedback, from Tuesday February 12.

To provide feedback on this proposal or if you would like to provide price information by becoming a data submitter to the Singapore and Malaysia special high grade zinc fca premiums instead, please contact Ellie Wang by email: pricing@fastmarkets.com. Please add the subject heading FAO: Ellie Wang re: Zinc Singapore/Malaysia premiums.

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

What to read next
Fastmarkets has corrected its MB-STS-0259 stainless steel scrap 316 solids domestic, delivered merchants UK, £/tonne price assessment, which was published incorrectly on Friday June 14.
Fastmarkets will not publish any price assessments for corn, soybean, Americas vegoils and meals, or US wheat, on Wednesday June 19.
Fastmarkets proposes to amend the name of the MB-AL-0231 Aluminium P1020A all-in price, delivered Midwest US, US cents/lb to clarify that the price is based on the London Metal Exchange cash aluminium price.
The publication of Fastmarkets’ Vietnamese steel scrap import assessments for Friday June 14 were delayed because of a reporter error. Fastmarkets’ pricing database has been updated.
In the open consultation, Fastmarkets FOEX did not propose any changes, and there was no feedback received during the process. No material changes were made to the current methodology. A newly dated methodology document has been posted here.
The publication of Fastmarkets’ aluminium scrap and secondary aluminium ingot price assessments for Wednesday June 12 were delayed because of a reporter error. Fastmarkets’ pricing database has been updated.