PRICING NOTICE: Proposal to amend the specifications of European fused magnesia price

By William Clarke
Published: Friday, 22 February 2019

Fastmarkets IM has begun a consultation on its proposal to refine the specifications of its European fused magnesia price.

Fastmarkets IM proposes to amend the specification of its magnesia, fused, European, fob Europe, $/tonne price. 

The change to the specification is being proposed after initial feedback from market participants that assessing a more specific grade of fused magnesia would offer a greater degree of insight into market dynamics.

Fastmarkets IM’s consultation concerns the following proposed refinements to the existing fused magnesia price.

Current specification

Price: Magnesia, fused, European, FOB Europe, $/tonne 
Currency & Unit: $ per tonne
Location: Europe
Basis: Fob
Price type: Assessment
Frequency: Monthly
Publication frequency: monthly, every third Tuesday of the month, between 3pm and 4pm London time

Revised specification

Price: Magnesia, fused, 97-98% MgO, European, FOB Europe, $/tonne
Currency & Unit: $ per tonne
Location: Europe
Basis: Fob
Price type: Assessment
Frequency: Monthly
Form: lump
Grade: 97-98% MgO
Publication frequency: monthly, every third Tuesday of the month, between 3pm and 4pm London time

The consultation period for this proposal will end on April 15, with changes taking place from April 16.

To provide feedback on the proposed amendment to this price, or if you would like to provide price information by becoming a data submitter to these prices, please contact William Clarke by email at:  pricing@indmin.com. Please add the subject heading FAO: William Clarke, re: magnesia prices.

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



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