Proposal to amend the pricing schedule of its ilmenite and rutile assessments: pricing notice

Fastmarkets proposes to move the pricing schedule of its assessments for ilmenite concentrate, 47-49% TiO2, cif China, $/tonne; rutile 95% TiO2 min, bagged, fob Australia, $/tonne, and rutile 95% TiO2 min, large volumes for pigment, fob Australia, $/tonne, due to low liquidity.

This would bring the schedule of these price assessments in-line with Fastmarkets’ zircon pricing.

The proposed specifications would be as follows:
MB-ILM-0004 Ilmenite concentrate, 47-49% TiO2, cif China, $/tonne
Quality: 47-49% TiO2
Quantity: Min 1,000 tonnes
Location: cif China
Timing: Spot
Unit: $/tonne
Payment terms: Within 30 days
Publication: Monthly, first Thursday of the month, 4pm London time

MB-RUT-0002 Rutile 95% TiO2 min, bagged, fob Australia, $/tonne
Quality: 95% TiO2, bagged
Quantity: Min 1,000 tonnes
Location: fob Australia
Timing: Spot
Unit: $/tonne
Payment terms: within 30 days
Publication: Monthly, first Thursday of the month, 4pm London time

MB-RUT-0001 Rutile 95% TiO2 min, large volumes for pigment, fob Australia, $/tonne
Quality: 95% TiO2, for pigment
Quantity: Min 1,000 tonnes
Location: fob Australia
Timing: Spot
Unit: $/tonne
Payment terms: Within 30 days
Publication: Monthly, first Thursday of the month, 4pm London time

These prices are a part of the Fastmarkets industrial minerals package.

Please send any questions or comments by Friday February 27 to pricing@fastmarkets.com and temlondon@fastmarkets.com. The amendment will then take place, subject to market feedback, on March 5.

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 the Fastmarkets methodology page.