PRICING NOTICE: Discontinuation of andalusite fob South Africa price assessment

By IM Staff
Published: Wednesday, 10 March 2021

Fastmarkets will discontinue the publication of the andalusite fob South Africa price assessment with effect from Thursday March 11.

The price assessment being discontinued 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.

 

After a one-month consultation period, Fastmarkets has decided to discontinue the fob South Africa assessment because it understands that liquidity and trading patterns are more consolidated and concentrated on the corresponding cif Europe assessment.

Feedback from market participants 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.

No change will be made to the other andalusite price, which will be assessed as normal. The next such andalusite price assessment will be published on May 27.

If you have any comments on the discontinuation of 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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