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The proposal follows preliminary discussions with the market and internal analysis of price usage, which suggests low market liquidity and demand.
Specifically, Fastmarkets is proposing to discontinue:
MB-RUT-0003 Rutile 95% TiO2 min, bulk, cif China $/tonne Quality: 95% TiO2 min, bulk Quantity: Min 1,000 tonnes Location: cif China Timing: Spot Unit: $/tonnePayment terms: Within 30 days Publication: Fortnightly, Thursday, 4pm London time
This price is a part of Fastmarkets’ Industrial Minerals 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 30 and will end on Friday January 31, with an update to this notice published on that day. Pending feedback, changes would take place from Thursday February 6, with no assessment published on that day or moving forward.
All short-term forecasts associated with this price 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 Caroline Messecar by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Caroline Messecar re: Rutile 95% TiO2 min, bulk, cif 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 of Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.