PRICING NOTICE: Proposal to stop pricing Metal Bulletin’s cobalt concentrate; start pricing cobalt tetroxide in yuan

Metal Bulletin is proposing to stop pricing cobalt concentrate (min 8% cif main Chinese ports $/lb), as the cobalt industry has been increasingly using other raw materials for production.

Metal Bulletin is proposing to stop pricing cobalt concentrate (min 8% cif main Chinese ports $/lb), as the cobalt industry has been increasingly using other raw materials for production.

We would also like to start pricing cobalt tetroxide in yuan, as the cobalt containing-chemical has become a very big part of cobalt consumption, and a clear indication of downstream market movement.

Metal Bulletin is now inviting feedback on this proposal and plans to make a decision in early 2015.

Please send comments on the proposed changes to Metal Bulletin non-ferrous deputy editor Fleur Ritzema at fritzema@metalbulletin.com, or Linda Lin at linda.lin@metalbulletinasia.com by January 31.

What to read next
Fastmarkets has corrected its daily AG-PLM-0012 refined bleached deodorised (RBD) palm olein, fob Indonesia price assessment, which was published incorrectly on July 7 due to an input error. The AG-PLM-0012 refined bleached deodorised (RBD) palm olein, fob Indonesia price assessment was incorrectly published as $995.00 per tonne on July 7, but this has now been corrected to $985.00 per […]
Fastmarkets has had a strong interest in the proposed new assessments and would like to gather additional information on the specification and grades that should assess.  Based on the feedback, the proposed specifications have been updated as follows:  Quality: Selected Nordic (Swedish, Finnish, Norwegian) export grades of both planed and rough sawn timber spruce (whitewood) […]
While Fastmarkets understands that the PIX sawn timber FAS Finland indices have not been widely adopted by the industry, we have received feedback that there is commercial use for the indices. Therefore, we propose to maintain them for the time being.  The following indices are affected:  The extended consultation period for this proposed discontinuation starts […]
To increase the transparency of our methodology, Fastmarkets clarifies that the quotation period of the MHP nickel payable indicator is the month of delivery, or the month M. Any data points Fastmarkets received otherwise will be normalized to the M month based on the monthly spreads of the prevailing exchange-traded Class-1 nickel reference price, or […]
Following an initial consultation with the market and a review of the typical data sets that have been collected over recent months, Fastmarkets is proposing changes to the specifications of the index for MB-IRO-0009 iron ore 65% Fe Brazil-origin fines, cfr Qingdao, by raising the silica base specification to 2.7% from 2.2%, as well as an […]
The corrections are as follows: AG-BRY-0004 Barley Feed barley FOB Argentina $/mt Incorrect prices: August $119.00 per tonne Corrected to: August $219.00 per tonne Fastmarkets’ pricing database has been updated to reflect this change. These prices are part of the Fastmarkets Ags Grains package. For more information or to provide feedback on this correction notice or […]