Proposal to discontinue lead 99.99% ingot premium, United States

Fastmarkets proposes to discontinue its MB-PB-0099 lead 99.99% ingot premium, delivered Midwest US price assessment.

The proposal follows preliminary discussions with the market and internal analysis of price usage, which suggests low market liquidity and a lack of demand.

Specifically, Fastmarkets is proposing to discontinue:

MB-PB-0099 Lead 99.99% ingot premium, delivered Midwest US, US cents/lb
Quality: Lead ingot of 99.99% minimum purity conforming to LME specification BS EN 12659:1999, GB/T469/2005 or ASTM B29-03 (2009)
Quantity: Min 25 tonnes
Location: Delivered consumer works, US Midwest
Timing: Within 5 weeks
Payment terms: 30 days, other payment terms normalized
Unit: US cents/lb
Publication: Weekly, Thursday 3-4pm London time

This price is a part of the Fastmarkets Base Metals package.

All historical data relating to the assessment prior to the amendment will remain available in the pricing section of the Fastmarkets website.

The consultation period for this price discontinuation begins on Monday December 2 and will end on Thursday January 2, with an update to this notice published on that day. Pending feedback, changes would take place from January 7, with no assessment published on that day or moving forward.

All short-term forecasts associated with this price (or these prices) produced by the Fastmarkets research team, if any, will also be discontinued.

To provide feedback on this proposal to discontinue this price, or if you would like to provide price information by becoming a data submitter to this price, please contact Rae Boyadjis by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Rae Boyadjis re: US lead 99.99% ingot premium.”

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.

Fastmarkets also has a proposal to amend some US base metal premiums; the notice can be found here.

What to read next
Fastmarkets has corrected its MB-BMS-0015 Black mass, NCM/NCA, payable indicator, nickel, exw USA, % payable LME Nickel cash official price, which was published incorrectly on Wednesday, July 16.
Fastmarkets confirms its decision to discontinue its two domestic European stainless steel base price assessments.
This strategic launch is designed to better delineate the relationship between these two competing steelmaking materials. The differentials offer the market a single reference price denoting the spread between Turkey import billet and No1 and No2 heavy melting scrap (80:20) and between Turkey import billet and shredded scrap exported from the US East Coast respectively. […]
The publication of Fastmarkets’ assessments for nickel 4x4 cathode, nickel briquette and nickel uncut cathode premiums in-whs Rotterdam was delayed on Tuesday July 16 because of a reporter error.
Fastmarkets has corrected its alumina index inferred prices, which were published incorrectly on Tuesday July 15.
The United States' copper recycling industry is ramping up pressure on policymakers to impose some form of export controls on high-purity copper scrap, arguing that current trade dynamics – particularly with China – are distorting prices, weakening domestic capacity and undermining national security goals.