Fastmarkets proposes changes to the publication day for two weekly Chinese ferro-silicon prices from Friday to Wednesday.
The two price assessments include the
ferro-silicon MB Chinese free market min 75% Si in warehouse China price and the
ferro-silicon export min 75% Si fob China main ports $/tonne price.
Fastmarkets is proposing this change to align the publication time of its China ferro-silicon price assessments with the publication time of Fastmarkets' other global ferro-silicon prices, which are published weekly on Thursday for the United States' market and Friday for the European market.
No changes will be made to the specifications of the two China ferro-silicon price assessments in question, which are listed in full below:
Price: Ferro-silicon MB Chinese free market min 75% Si in warehouse China, yuan/tonne
Quality: lump; Si: 75-80%; Mn: 0.4% max; Al: 2.0% max; Cr: 0.3% max; P: 0.035% max; S: 0.02% max; C: 0.1% max; price for all Si grades normalized to 75% on pro rata basis
Quantity: 100 tonnes
Unit: yuan/tonne
Payment terms: Cash, other payment terms normalized
Publication: Weekly. Friday between 2pm and 3pm London time
Price: Ferro-silicon export min 75% Si Fob China main ports $/tonne
Quality: lump; Si: 75-80%; Mn: 0.4% max; Al: 2.0% max; Cr: 0.3% max; P: 0.035% max; S: 0.02% max; C: 0.1% max; price for all Si grades normalized to 75% on pro rata basis
Quantity: 100 tonnes
Unit: $/tonne
Payment terms: Cash, other payment terms normalized
Publication: Weekly. Friday between 2pm and 3pm London time
Historical data for both assessments can be found in the
Fastmarkets price book.
The consultation period for this proposed amendment will end one month from the date of this pricing notice, on Thursday July 4, with changes taking place, subject to market feedback, from Wednesday July 10.
To provide feedback on these prices or if you would like to provide price information by becoming a data submitter, please contact Susan Zou by email at: pricing@fastmarkets.com. Please add the subject heading 'FAO: Susan Zou, re: Chinese FeSi prices.'
To see all Fastmarkets' pricing methodology and specification documents go to
www.metalbulletin.com/prices/pricing-methodology