Metals methodology

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Metals pricing notices

Fastmarkets invited feedback from the industry on the pricing methodology for Brazilian domestic recovered paper, via an open consultation process between December 17, 2021, and January 17, 2022. This consultation was done as part of our published annual methodology review process. Based on feedback received, Fastmarkets has decided to increase the coverage of Brazilian OCC […]

Fastmarkets has corrected the LME Asian reference and TAPO prices for March 18, which were published incorrectly due to a technical error.

Fastmarkets invited feedback from the industry on the pricing methodology for steel billet import, cfr Manila, $/tonne (MB-STE-0141) via an open consultation process between February 14 and March 15, 2022.

Fastmarkets is publishing the below statement from the London Metal Exchange in relation to the publication of official and closing prices for nickel.

The follow text is from the LME and concerns the publication of nickel officials and closing (evals) prices from 16 March onwards. “LME Official Prices and Closing Prices may from time to time be affected by Disruption Events. Where a Disruption Event occurs, the LME will continue to publish the values that it determines between […]

Fastmarkets proposes to amend the publication day of the weekly US steel cut-to-length plate price assessment from Fridays to Tuesdays.

Fastmarkets Benchmark Administration Oy (FBA) was incorporated in December 2020 to operate as the independent administrator of benchmarks published by price reporting agency (PRA) Fastmarkets and subject to the European Benchmarks Regulation (BMR). It is headquartered in Helsinki, Finland, and supervised by the Finnish Financial Supervisory Authority (FIN-FSA).

If you have questions about our pricing process, contact our pricing team.

Disclaimer

This Disclaimer is in addition to our Terms and Conditions as available on our website and shall not supersede or otherwise affect these Terms and Conditions. Prices and other information contained in this publication have been obtained by us from various sources believed to be reliable. This information has not been independently verified by us. Those prices and price indices that are evaluated or calculated by us represent an approximate evaluation of current levels based upon dealings (if any) that may have been disclosed prior to publication to us. Such prices are collated through regular contact with producers, traders, dealers, brokers and purchasers although not all market segments may be contacted prior to the evaluation, calculation, or publication of any specific price or index. Actual transaction prices will reflect quantities, grades and qualities, credit terms, and many other parameters. The prices are in no sense comparable to the quoted prices of commodities in which a formal futures market exists.

Evaluations or calculations of prices and price indices by us are based upon certain market assumptions and evaluation methodologies, and may not conform to prices or information available from third parties. There may be errors or defects in such assumptions or methodologies that cause resultant evaluations to be inappropriate for use. Your use or reliance on any prices or other information published by us is at your sole risk. Neither we nor any of our providers of information make any representations or warranties, express or implied as to the accuracy, completeness or reliability of any advice, opinion, statement or other information forming any part of the published information or its fitness or suitability for a particular purpose or use. Neither we, nor any of our officers, employees or representatives shall be liable to any person for any losses or damages incurred, suffered or arising as a result of use or reliance on the prices or other information contained in this publication, howsoever arising, including but not limited to any direct, indirect, consequential, punitive, incidental, special or similar damage, losses or expenses.

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