PRICING NOTICE: Proposal to launch 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 material. 

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 at: pricing@indmin.com. 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.