PRICING NOTICE: Proposal to launch new European magnesia prices
Published: Tuesday, 16 April 2019
Fastmarkets IM proposes to launch two new European magnesia prices.
Fastmarkets IM is proposing to expand its
European magnesia market coverage by launching two new European
prices that capture both domestic and imported
Dead burned magnesia, 95% MgO, fob Europe,
$/tonne is being launched to reflect the fact production of
dead burned magnesia inside Europe is increasing.
Fused magnesia, 97% MgO, cif Europe,
$/tonne is being launched, to increase liquidity of assessments
by allowing for the inclusion of imported material.
Fastmarkets IM also proposes to
discontinue its fused magnesia, fob Europe price due to a
lack of liquidity.
Click here for details on this proposal.
The consultation period for these proposed
changes will end on May 13. The launch will take place, subject
to market feedback, on May 14.
To provide feedback on this price or if
you would like to provide price information by becoming a data
submitter to this price, please contact William Clarke by email
firstname.lastname@example.org. Please add the subject heading FAO:
William Clarke, re: magnesia.
To see all Fastmarkets’
pricing methodology and specification documents go to https://www.indmin.com/Methodology.html.