PRICING NOTICE: Standardization of Fastmarkets’ price names

Fastmarkets has standardized the names of our metals and minerals prices across our product suite for ease of use and greater transparency.

The aim of this exercise is to make it as easy as possible for our licensed users to identify and use our pricing data.

As of two weeks from the date of this notice, all Fastmarkets price names will follow this structure, where possible: commodity + product/grade + incoterm + location + currency + unit of measure.

Please click here for to see our revised lists of standardized price names ahead of their implementation on July 5.

If you cannot find what you are looking for, please contact our customer success team today via email: customersuccess@fastmarkets.com or tel: +44 (0)20 7779 8787 (EMEA), +65 64 221 478 (Asia) and +1 312 366 2542 (Americas).

If you use any of our prices in your contracts, please update the name to the new name at your earliest convenience. Please direct any counterparties with queries either to the page above or our customer success team.

Although Fastmarkets has made changes to the description of the price in the name, the methodology for the discovery of each price remains the same.

We will, however, update our price methodology documents to reflect the standardized price names.

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

If you would like to provide price information by becoming a data submitter to this any of Fastmarkets’ prices, please contact our price reporting team by email at pricing@fastmarkets.com.

What to read next
The prices were published at 3:59 pm UK time instead of the scheduled time of 2-3 pm UK time. The following price was published late:MB-STE-0149 steel scrap heavy scrap domestic, delivered mill China, yuan/tonne  These prices are a part of the Fastmarkets scrap package. For more information or to provide feedback on the delayed publication of […]
The publication of Fastmarkets’ iron ore indices for Friday June 20 was delayed due to a technical issue. Fastmarkets’ pricing database has been updated. The following indices were affected:MB-IRO-0191 61% Fe fines, cfr Qingdao, $/tonneMB-IRO-0008 62% Fe fines, cfr Qingdao, $/tonneMB-IRO-0144 62% Fe low-alumina fines, cfr Qingdao, $/tonneMB-IRO-0015 Iron ore 58% Fe fines, cfr Qingdao, […]
Fastmarkets proposes to discontinue its outright price assessments for mixed hydroxide precipitate (MHP).
The publication of Fastmarkets’ MB-ILM-0004 Ilmenite concentrate, 47-49% TiO2, cif China, $/tonne, MB-RUT-0001 Rutile 95% TiO2 min, large volumes for pigment, fob Australia, $/tonne and MB-RUT-0002 Rutile 95% TiO2 min, bagged, fob Australia, $/tonne price assessments for Thursday June 19 were delayed because of reporter error. Fastmarkets’ pricing database has been updated. The following prices […]
Due to a system error, the market price for June 2 was used twice in the calculation of the weekly average for AG-FML-0008 Feathermeal, fob US Delmarva Peninsula, $/short ton, resulting in an error. Fastmarkets’ pricing database has been updated to reflect this change. Incorrect weekly average for May 31-June 6: $185-270 per short tonCorrect weekly average […]
Following preliminary discussions with the market and interrogation of data collected by Fastmarkets over recent months, Fastmarkets now proposes to assess and publish the price for ferro-niobium, 63-67%, delivered consumer works, dp Europe, on Wednesdays and Fridays, from the current basis of once weekly on Wednesdays. This more frequent price assessment will enable Fastmarkets to […]