The price assessment under consultation for delisting is the
following:
MB-AND-0001 Andalusite, min 57% Al2O3, fob South
Africa, € per tonne
Quality: 0-4mm, min 57% Al2O3, packed in
bulk, 1 tonne big bags or 25kg bags
Quantity: Min 1,000 tonnes
Location: fob South Africa
Unit: € per tonne
Publication: Quarterly, last Thursday of
the months of February, May, August and November, 4pm London
time
Feedback from market participants during informal
consultations suggested that the industry would be better
served by a single, delivered-to-destination cif price rather
than separate assessments of origin (fob South Africa) and
destination.
Liquidity is concentrated in the cif Europe price
assessment, because Europe is a leading consuming market for
andalusite material. For that reason, a large share of the
volume traded is ordinarily contracted on a cif or delivered
basis.
No change will be made to the other andalusite price, which
will be assessed as normal.
The consultation for this proposed amendment will end one
month from the publication of this pricing notice, on Wednesday
March 10, while the amendment will be made, subject to market
feedback, on Thursday March 11.
To provide feedback on this proposal, or if you would like
to provide price information by becoming a data submitter to
this price, please contact Davide Ghilotti by email at: pricing@fastmarkets.com.
Please add the subject heading 'FAO: Davide Ghilotti, re:
andalusite prices.’
To see all Fastmarkets’ pricing methodology and
specification documents, go to https://www.fastmarkets.com/about-us/methodology.