These will assess prices for ferro-chrome, high carbon, 6-8.5% C, basis 60-64.9% Cr, max 3% Si, cif Europe, and ferro-chrome, high carbon, 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe. Both will be evaluated in $ per lb Cr.
Since the two new ferro-chrome prices were launched in October 2020, Fastmarkets has applied all data that would formerly have fallen into its assessment for ferro-chrome high carbon 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe, into the new assessments, following consultation with the market.
The phasing-out process will be completed at the end of this year, with discontinuation of the assessment for ferro-chrome, high carbon 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe.
All liquidity that would have been in that assessment has been included in the two newer prices since October 2021.
For example, a trade for 50 tonnes for 63% ferro-chrome with 1.5% silicon would be included in the price assessment for ferro-chrome, high carbon, 6-8.5% C, basis 60-64.9% Cr, max 3% Si, cif Europe.
The specifications of the continuing prices are as follows:
MB-FEC-0020 Ferro-chrome, high carbon, 6-8.5% C, basis 60-64.9% Cr, max 3% Si, cif Europe, $ per lb Cr
Quality: Lump, Cr 60-64.9%, C 6-8.5%, Si 3% max
Quantity: Min 24 tonnes
Location: cif major European ports (other incoterms will be normalized)
Unit: USD per lb of chrome contained
Payment terms: 30 days, other payment terms normalized
Publication: Weekly, Tuesday, 2-3pm London time.
MB-FEC-0021 Ferro-chrome, high carbon, 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe, $ per lb Cr
Quality: Lump, Cr 65-70%, C 6-8.5%, Si 1.5%
Quantity: Min 24 tonnes
Location: Delivered consumer works Europe (other incoterms will be normalized)
Unit: USD per lb of chrome contained
Payment terms: 30 days, other payment terms normalized
Publication: Weekly, Tuesday, 2-3pm London time.
If you have any comments on the discontinuation of this price, or if you would like to provide price information by becoming a data submitter to the continuing prices, please contact Claire Patel-Campbell by email at: pricing@metalbulletin.com. Please add the subject heading ‘FAO: Claire Patel-Campbell, re: high carbon ferro-chrome.’
To see all Fastmarkets’ pricing methodology and specification documents, go to: https://www.fastmarkets.com/about-us/methodology.