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Fastmarkets proposes to discontinue seven of its magnesia price assessments.
The proposal follows preliminary discussions with the market, which suggests a lack of liquidity for the commodities.
Specifically, Fastmarkets is proposing to discontinue: MB-MAG-0001 Magnesia, dead burned, 94-95% MgO, lump, fob China, $/tonneQuality: Dead-burned 94-95% MgO lump, bulkQuantity: Min 1,000 tonnesLocation: FOB ChinaTiming: SpotUnit: $/tonnePublication: Monthly. Second Tuesday of each month, 4pm London time
MB-MAG-0003 Magnesia, dead burned, 92% MgO, lump, fob China, $/tonneQuality: Dead burned 92% MgO lump, bulkQuantity: Min 1,000 tonnesLocation: FOB ChinaTiming: SpotUnit: $/tonnePublication: Weekly. Tuesday, 4pm London timeMB-MAG-0004 Magnesia, calcined, 90-92% MgO, fob China, $/tonneQuality: Calcined 90-92% MgOQuantity: Minimum 1,000 tonnesLocation: FOB ChinaTiming: SpotUnit: $/tonnePublication: Monthly. Second Tuesday of each month, 4pm London timeMB-MAG-0006 Magnesia, calcined, 94% MgO lump, fob China, $/tonneQuality: 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, $/tonneQuality: 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, $/tonneQuality: Fused 96% MgO lump, bulkQuantity: Min 1,000 tonnesLocation: FOB ChinaTiming: SpotUnit: $/tonnePublication: Monthly. Second Tuesday of each month, 4pm London time
MB-MAG-0011 Magnesia, calcined, 96% MgO lump, fob China, $/tonneQuality: Calcined 96% MgO lump, bulkQuantity: Min 1,000 tonnesLocation: FOB ChinaTiming: SpotUnit: $/tonnePublication: Weekly. Tuesday, 4pm London time
These prices are a part of the Fastmarkets industrial minerals package.
There will be no changes to Fastmarkets’ other Chinese magnesia price assessments under this proposal.
The consultation period for this price discontinuation begins on Wednesday October 23 and will end on Thursday November 21, with changes taking place, subject to market feedback, from Wednesday November 27.
All short-term forecasts associated with these prices produced by the Fastmarkets research team, if any, will also be discontinued.
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.