PRICING NOTICE: Proposal to amend frequency of fluorspar prices

By Michael Greenfield, Michael Greenfield
Published: Wednesday, 19 December 2018

Fastmarkets IM has begun a consultation on its proposal to refine the specifications of its fluorspar prices.

The changes to the frequency are being proposed by Fastmarkets IM due to some initial feedback from market participants and our internal analysis of the liquidity of the fluorspar market. Fastmarkets IM believes monthly prices will better reflect market dynamics and enable greater liquidity to be captured as part of the price assessments.

Fastmarkets IM’s consultation concerns the following proposed refinements to the existing fluorspar prices:


Current specification
Price: Acidspar, 97% CaF2, wet filtercake, cif, Rotterdam, Holland
Currency & Unit: $ per tonne
Location: Europe
Basis: cif
Price type: Assessment
Frequency: Weekly
Form: Powder
Publication frequency: Weekly, Thursday between 3pm and 4pm London time

Revised specification
Price: Acidspar, 97% CaF2, wet filtercake, cif, Rotterdam, Netherlands
Currency & Unit: $ per tonne
Location: Europe
Basis: cif
Price type: Assessment
Frequency: Monthly
Form: Powder
Publication frequency: Monthly, last Thursday of each month, by 4pm London time

Current specification
Price: Acidspar, 97% CaF2, dry filtercake, cif, US Gulf Port, USA
Currency & Unit: $ per tonne
Location: USA
Basis: cif
Price type: Assessment
Frequency: Weekly
Form: Powder
Publication frequency: Weekly, Thursday between 3pm and 4pm London time.

Revised specification
Price: Acidspar, 97% CaF2, wet filtercake, cif, US Gulf Port, US

Currency & Unit: $ per tonne
Location: US
Basis: cif
Price type: Assessment
Frequency: Monthly
Form: Powder
Publication frequency: Monthly, last Thursday of each month, by 4pm London time

Current specification
Price: Acidspar, 97% CaF2, wet filtercake, fob, Tampico, Mexico
Currency & Unit: $ per tonne
Location: Mexico
Basis: fob
Price type: Assessment
Frequency: Weekly
Form: Powder
Publication frequency: Weekly, Thursday between 3pm and 4pm London time.

Revised specification
Price: Acidspar, 97% CaF2, wet filtercake, fob, Tampico, Mexico
Currency & Unit: $ per tonne
Location: Mexico
Basis: fob
Price type: Assessment
Frequency: Monthly
Form: Powder
Publication frequency: Monthly, last Thursday of each month, by 4pm London time

Current specification
Currency & Unit: $ per tonne

Location: South Africa
Basis: fob
Price type: Assessment
Frequency: Weekly
Form: Powder
Publication frequency: Weekly, Thursday between 3pm and 4pm London time.

Revised specification
Price: Fluorspar acidspar, 97% CaF2, wet filtercake, fob, Durban, South Africa
Currency & Unit: $ per tonne
Location: South Africa
Basis: fob
Price type: Assessment
Frequency: Monthly
Form: Powder
Publication frequency: Monthly, last Thursday of each month, by 4pm London time

Current specification
Price: Metspar, min 85% CaF2, fob, Tampico, Mexico
Currency & Unit: $ per tonne
Location: Mexico
Basis: fob
Price type: Assessment
Frequency: Weekly
Form: Powder
Publication frequency: Weekly, Thursday between 3pm and 4pm London time.

Revised specification
Price: Metspar, min 85% CaF2, fob, Tampico, Mexico
Currency & Unit: $ per tonne
Location: Mexico
Basis: fob
Price type: Assessment
Frequency: Monthly
Form: Powder
Publication frequency: Monthly, last Thursday of each month, by 4pm London time

Under the current proposals, the following Chinese prices will continue to be assessed on a weekly basis;

Acidspar, 97% CaF2, wet filtercake, fob, China

Metspar, min 90% CaF2, fob, China

Metspar, min 85% CaF2, fob, China

During this consultation, Fastmarkets IM will speak with market participants to gain feedback and ensure the proposed changes are appropriate. This consultation period will also be used to receive feedback on the minimum lot size for data received and whether it is more useful to price the spot or contract market.

The consultation period for this proposal will end one month from the date of this pricing notice on January 31, 2019. If the feedback about the proposed changes is positive, they will be applied from February 1, 2019.

To provide feedback on the amendments outlined above, or if you would like to provide price information by becoming a data submitter, please contact us by email at pricing@fastmarkets.com. Please add the subject heading 'FAO: Michael Greenfield, re: fluorspar prices'.

To see all Fastmarkets IM pricing methodology and specification documents, go to http://www.indmin.com/Methodology



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