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The move to monthly publication will allow the assessments to better reflect the liquidity changes in the market.
The proposed change applies to the following price assessments:
MB-MAG-0001 Magnesia, dead burned, 94-95% MgO, lump, fob China, $/tonneQuality: Dead-burned 94-95% MgO lump, bulkQuantity: Minimum 1,000 tonnesLocation: fob ChinaTiming: SpotUnit: $/tonnePublication: Monthly. Second Tuesday of each month, 4pm London time
MB-MAG-0004 Magnesia, calcined, 90-92% MgO, fob China, $/tonne Quality: Calcined 90-92% MgOQuantity: minimum 1,000 tonnesLocation: fob ChinaTiming: SpotUnit: $/tonnePublication: Monthly. Second Tuesday of each month, 4pm London time
MB-MAG-0006 Magnesia, calcined, 94% MgO lump, fob China, $/tonne Quality: Calcined 94% MgO lump, bulkQuantity: Min 1,000 tonnesLocation: fob ChinaTiming: SpotUnit: $/tonnePublication: Monthly. Second Tuesday of each month, 4pm London time
MB-MAG-0008 Magnesia, fused, 97% MgO, Ca:Si 1:1, lump, fob China, $/tonne Quality: Fused 97% MgO, 1:1 Ca:Si, bulkQuantity: Min 1,000 tonnesLocation: fob ChinaTiming: SpotUnit: $/tonnePublication: Monthly. Second Tuesday of each month, 4pm London time
MB-MAG-0010 Magnesia, fused, 96% MgO lump,fob China, $/tonne Quality: Fused 96% MgO lump, bulkQuantity: Min 1,000 tonnesLocation: fob ChinaTiming: SpotUnit: $/tonnePublication: Monthly. Second Tuesday of each month, 4pm London time
These prices are a part of the Fastmarkets industrial minerals package.
Fastmarkets’ other Chinese magnesia prices will not be changed as part of this proposal.
The consultation period for this proposed amendment starts on Wednesday August 28 and will end on September 24. The amendment will then take place, subject to market feedback, on October 8.
To provide feedback or if you would like to provide price information by becoming a data submitter to this price assessment, please contact Nina Hu by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Nina Hu, re: Magnesia FOB China.”
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.