Fastmarkets MB will from next month display in the Price Book calculated price midpoints and averages that are rounded to two decimal places.
This will ensure consistency of published values across all of Fastmarkets MB's delivery channels.
Where Fastmarkets MB publishes prices as a low-high range, users have the option to view the calculated midpoint of that range. From Monday December 9, Fastmarkets will implement rounding to two decimal places on these midpoint values. This change will also be applied to the historical data series.
Rounding to two decimal places will also be applied to weekly, monthly, quarterly and yearly average values displayed in the Price Book from December 9.
To provide feedback on these changes please contact Barbara O'Donovan at
pricing@fastmarkets.com. Please add the subject heading 'FAO: Barbara O'Donovan re: rounding.'
To see all Fastmarkets' pricing methodology and specification documents, please go to
www.fastmarkets.com/about-us/methodology.