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On reviewing the methodology specifications, Fastmarkets is proposing to update the quantity, location and payment terms of the price. The specifications would be as follows, with amendments in italics:
MB-SI-0003 silicon, ddp US, US cents per lbQuality: Si: 98.50%, Fe: 0.50%, Al: 0.50%, Ca: 0.30%Quantity: Min 20 tonnesLocation:ddp USUnit: US cents per lbPayment terms: 30 days, other terms normalizedPublication: Weekly, Thursday 4-5pm New York time.
The quantity specification was previously erroneously written as short tons; the location specification did not match the price title and was written as “delivered US” and there were no payment terms listed.
This price is part of the Fastmarkets minor metals package.
The consultation period for this proposed amendment starts on Tuesday July 22 and will end on Monday August 18. The amendment will then take place, subject to market feedback, on Wednesday August 20.
To provide feedback on the proposal, or if you would like to provide price information by becoming a data submitter to this price, please email pricing@fastmarkets.com. Please add the subject heading “FAO: Rae Boyadjis, re: US silicon.”
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/about-us/methodology.