PRICING NOTICE: Proposal to discontinue the Fastmarkets andalusite fob South Africa price assessment

By Davide Ghilotti
Published: Wednesday, 10 February 2021

Fastmarkets is seeking feedback on its proposal to discontinue the andalusite fob South Africa price assessment because liquidity is concentrated on the cif Europe assessment.

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.



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