Based on initial research and a consultation among market participants, Fastmarkets proposes to launch a weekly assessment of electrolytic manganese flake, 99.7% basis, fob China, $/tonne.
The introduction of the price will expand Fastmarkets' current price coverage for electrolytic manganese flake, which tracks the Chinese manganese flake market on a regular basis.
The proposed new assessment will provide the market with a picture of the Chinese manganese flake export market in addition to Fastmarkets' price and news coverage of the equivalent market in the Europe, namely manganese 99.7% electrolytic manganese flake $/tonne Rotterdam.
Additionally, the volatility of Chinese manganese flake prices in the past two years has meant a regular assessment of the Chinese export market is essential for both suppliers and buyers to understand the dynamics of this minor metal's market in China.
The specifications for the price assessment are as follows:
Assessment: Electrolytic manganese flake, 99.7% basis, fob China, $/tonnne
Dimensions: Flake; Mn: 99.7% basis; S: 500 ppm max; P: 50 ppm max; C: 400 ppm max; Fe+Se+Si: 0.205% max; packaged as big bags or steel drums
Quantity: 20 tonnes minimum tonnage
Location: China main ports
Timing: Spot, within one week
Unit: USD per tonne
Payment terms: TT or LC
Publication: Weekly. Friday 2-3pm London time
Fastmarkets now invites market participants to take part in a consultation on its proposal to launch an assessment for electrolytic manganese flake, 99.7% basis, fob China, $/tonnne.
The consultation period for this proposed price will end one month from the date of this pricing notice on May 2, 2019 with changes taking place from May 3, 2019, subject to market feedback.
To provide feedback on this proposal or if you would like to provide price information by becoming a data submitter to this price, please contact Huaqing Fu by email at: pricing@fastmarkets.com. Please add the subject heading FAO: Huaqing Fu, re: Electrolytic manganese flake fob China price
To see all Fastmarkets pricing methodology and specification documents go to
https://www.metalbulletin.com/prices/pricing-methodology.html