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.