PRICING NOTICE: Proposal to amend frequency of mineral sand pricing

By William Clarke
Published: Monday, 22 March 2021

Fastmarkets proposes to reduce the frequency of its mineral sand price assessments.

Initial market feedback suggests that reducing the frequency of mineral sand price assessments would allow Fastmarkets to capture additional liquidity and to deliver price assessments that are more in line with trading patterns in this industry.

The specifications for Fastmarkets’ mineral sand prices are as follows, with the proposed changes in italics:

 

MB-ZIR-0014 Zircon premium grade min 66.5% ZrO2 min, bulk, cif China, $ per tonne

Quality: Premium grade, 66.5% ZrO2 min

Quantity: Min 1,000 tonnes

Location: cif China

Timing: Spot

Unit: $ per tonne

Payment terms: Within 30 days

Publication: Monthly, first Thursday of each month, 4pm London time

 

MB-ZIR-0015 Zircon standard grade min 65.5% ZrO2 min, bulk, cif China, $ per tonne

Quality: Standard grade, min 65.5% ZrO2

Quantity: Min 1,000 tonnes

Location: cif China

Timing: Spot

Unit: $ per tonne

Payment terms: Within 30 days

Publication: Monthly, first Thursday of each month, 4pm London time

 

MB-ZIR-0022 Zircon premium grade min 66.5% ZrO2, cif Spain

Quality: Premium grade, 66.5% ZrO2 min

Quantity: Min 1,000 tonnes

Location: cif Spain

Timing: Spot

Unit: $ per tonne

Payment terms: Within 30 days

Publication: Monthly, first Thursday of each month, 4pm London time

 

MB-RUT-0003 Rutile concentrate 95% TiO2 min, bulk, cif China, $ per tonne

Quality: 95% TiO2 min, bulk

Quantity: Min 1,000 tonnes

Location: cif China

Timing: Spot

Unit: $ per tonne

Payment terms: Within 30 days

Publication: Fortnightly, Thursday 4pm London time

 

MB-ILM-0004 Ilmenite concentrate, 47-49% TiO2, cif China, $ per tonne

Quality: 47-49% TiO2

Quantity: Min 1,000 tonnes

Location: cif China

Timing: Spot

Unit: $ per tonne

Payment terms: Within 30 days

Publication: Fortnightly, Thursday 4pm London time

 

MB-RUT-0001 Rutile concentrate 95% TiO2 min, large volumes for pigment, fob Australia, $ per tonne

Quality: 95% TiO2, for pigment

Quantity: Min 1,000 tonnes

Location: fob Australia

Timing: Spot

Unit: $ per tonne

Payment terms: Within 30 days

Publication: Fortnightly, Thursday 4pm London time

 

MB-RUT-0002 Rutile concentrate 95% TiO2 min, bagged, fob Australia, $ per tonne

Quality: 95% TiO2, bagged

Quantity: Min 1,000 tonnes

Location: fob Australia

Timing: Spot

Unit: $ per tonne

Payment terms: within 30 days

Publication: Fortnightly, Thursday 4pm London time

 

The consultation period for this proposed amendment will end one month from the publication of this pricing notice, on Thursday April 22, while the amendment will be made, subject to market feedback, on Friday April 23.

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 William Clarke by email at: pricing@fastmarkets.com. Please add the subject heading 'FAO: William Clarke, re: mineral sand prices.’pricing@fastmarkets.com

To see all Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.

 



More like this