PRICING NOTICE: Amendment to frequency of mineral sand price assessments

By William Clarke
Published: Friday, 23 April 2021

After a consultation period, Fastmarkets has decided to reduce the frequency of its mineral sand pricing.

Fastmarkets proposed to amend the frequency of its zircon prices to monthly, and its rutile concentrate and ilmenite concentrate prices to fortnightly, all from weekly.

https://www.indmin.com/Article/3980893/PRICING-NOTICE-Proposal-to-amend-frequency-of-mineral-sand-pricing.html

Market participants said in feedback that reducing the frequency of mineral sand price assessments will allow Fastmarkets to capture additional liquidity and deliver price assessments that are more in line with trading patterns in this industry.

The specifications for Fastmarkets’ mineral sand prices are as follows: 

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 next assessments of ilmenite and rutile prices will be on Thursday April 29, and will be published fortnightly going forward. The next assessments of zircon will be on Thursday May 6, and will fall on the first Thursday of every month going forward.

There are no other changes to the specifications of the price assessments.

To provide feedback on this, 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.

 



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