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Metal Bulletin proposes to reduce the frequency with which it publishes its low phosphorous ferro-chrome price quotation.
The proposal is due to a reduction in spot activity in recent months, leading to fewer data points 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 quotation may return to weekly if spot activity increases.
Market participants have until January 25 to respond to this notice.
The rest of the specification would be unchanged and the full specifications would be as follows:
Description: Low-phosphorous ferro-chrome, Europe Price: $/lb (of chrome contained), delivered consumer works, Europe Cr: 65% min Si: 1% max C: 6-8% P: 0.015% max Ti: 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: 25T minimum Payment terms: 30 days, other payment terms normalised Assessment: On Fridays, fortnightly by Metal Bulletin’s London office 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