PRICING NOTICE: Fastmarkets moves to annual methodology reviews across PRA divisions

By IM Staff
Published: Tuesday, 21 January 2020

Beginning in 2020, Fastmarkets will review its pricing methodologies and price specifications across all its Price Reporting Agency (PRA) divisions - Metals & Mining and Forest Products - on an annual basis rather than twice per year.

The decision is in line with the International Organization of Securities Commissions (IOSCO) principles for PRAs, which sets out global standards for orderly and fair price assessment processes, and with practices followed by other commodity PRAs. The move also reflects the longevity of our pricing methodologies, which have been designed...