PRICING NOTICE: Fastmarkets moves to annual methodology reviews across PRA divisions
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 to fit specific markets
over the long term without needing constant
Fastmarkets will inform the industry and invite feedback via
a pricing notice before annual methodology reviews take place
to ensure our methodologies continue to reflect the physical
market under assessment.
The annual review will cover the assessment and index
methodologies along with individual price specifications.
Proposals to make material changes and discontinue or launch
prices will involve a market consultation, the length of which
will depend on how substantial the change is for the
Fastmarkets will continue to propose changes to
methodologies and prices on an ad-hoc basis when necessary, and
will carry out a market consultation if the suggested change is
To provide feedback on this notice, please contact Alex
Harrison for Fastmarkets Metals & Mining prices by email at
email@example.com. Please add the subject heading
"FAO: Alex Harrison re: annual methodology reviews." For
Fastmarkets Forest Products, please contact Matt Graves by
firstname.lastname@example.org adding the subject heading
"FAO Matt Graves re: annual methodology reviews."
To see all Fastmarkets Metals & Mining pricing
methodology and specification documents go to https://www.fastmarkets.com/about-us/methodology
For Fastmarkets Forest Products methodology and
specification documents, for RISI go to
and for FOEX go to