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Metal Bulletin proposes to reduce the frequency with which it publishes its low carbon ferro-chrome price quotations.
Metal Bulletin publishes two price quotations for low carbon ferro-chrome; material with 0.10% carbon and material with 0.06% carbon.
The proposal comes in response to a reduction in spot activity in recent months, meaning fewer data points are being submitted on a weekly basis.
From January 29, the frequency of publication would be reduced from weekly to once every two weeks (fortnightly), on Fridays. Publication time would still be between 14:00 and 15:00 London time.
The frequency of the quotations may return to weekly if spot activity increases.
Market participants have until January 25 to respond to this notice.
The rest of the specifications would be unchanged and the full specifications for low carbon ferro-chrome (0.10% C) and low carbon ferro-chrome (0.06% C) would be as follows:
Description: Low carbon ferro-chrome (Europe) Price: $ per lb (of chrome contained), delivered consumer works, Europe Cr: 65% basis (range 60-70% Cr) C: 0.1% max, excluding material up to 0.06% C max Si: 1.5% max P: 0.05% max S: 0.05% max Form: Lumps in the range of 10-100mm, 90% min Packaging: Big bags of 1 tonne or producer’s steel drums, each 500kg Lot size and tolerance: 25 tonnes minimum Payment terms: 30 days, other payment terms normalised Assessment: On Fridays, fortnightly by Metal Bulletin’s London 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 Fridays
Description: Low carbon (0.06%) ferro-chrome, Europe Price: $ per lb (of chrome contained), delivered consumer works, Europe Cr: 65% basis (range 60-70% Cr) C: 0.06% max Si: 1.5% max P: 0.05% max S: 0.05% max Form: Lumps in the range of 10-100mm, 90% min Packaging: Big bags of 1 tonne or producer’s steel drums, each 500kg Lot size and tolerance: 25 tonnes minimum Payment terms: 30 days, other payment terms normalised Assessment: On Fridays, fortnightly by Metal Bulletin’s London 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
Comments and questions on this should be sent to Janie Davies: jdavies@metalbulletin.com
Questions relating to Metal Bulletin’s pricing methodology and policy should be sent to market data and compliance manager Paolo Sorze at psorze@metalbulletin.com or Metal Bulletin editor Alex Harrison at aharrison@metalbulletin.com
Janie Davies jdavies@metalbulletin.com Twitter: @janiedavies_mb