Amendment to frequency of chromite price assessments

By Davide Ghilotti
Published: Tuesday, 04 January 2022

After a one-month consultation period, Fastmarkets has amended the frequency of its chromite price assessments.

The frequency of the assessments, which was previously weekly, has now moved to a fortnightly basis, with the first new assessment due on Tuesday January 11.

The change is in response to market feedback, and internal analysis showing a progressive evolution in liquidity and trading activity across the main chromite prices over the past year, following the start of the Covid-19 pandemic. The amended frequency of the price assessments is intended to ensure that pricing is aligned to this evolution in trading activity.

Following the amendment, the full specifications for the Fastmarkets chromite prices are as follows:

 

MB-CHR-0001 Chromite, chemical, 46% Cr2O3 min, wet bulk, fob South Africa, $ per tonne

Quality: Sand, wet bulk; min 46% Cr2O3; max 1% SiO2

Quantity: Min 1,000 tonnes

Location: fob South Africa

Unit: US$ per tonne

Publication: Fortnightly, Tuesday, 4pm London time.

 

MB-CHR-0005 Chromite, foundry, 46% Cr2O3 min, wet bulk, fob South Africa, $ per tonne

Quality: Sand, wet bulk; min 46% Cr2O3; max 1% SiO2; AFS 45-53, turbidity max 250 NTU

Quantity: Min 1,000 tonnes

Location: fob South Africa

Unit: US$ per tonne

Publication: Fortnightly, Tuesday, 4pm London time.

 

MB-CHR-0009 Chromite, foundry, 46% Cr2O3 min, dried and bagged, fob South Africa, $ per tonne

Quality: Sand, dried, in bags; min 46% Cr2O3; max 1% SiO2; AFS 45-53, turbidity max 250 NTU

Quantity: Min 100 tonnes

Location: fob South Africa

Unit: US$ per tonne

Publication: Fortnightly, Tuesday, 4pm London time.

 

MB-CHR-0004 Chromite, foundry, 45.8% Cr2O3 min, wet bulk, fob South Africa, $ per tonne (inferred)

Quality: Sand, wet bulk; min 45.8% Cr2O3; max 1% SiO2

Quantity: Min 1,000 tonnes

Location: fob South Africa

Unit: US$ per tonne

Publication: Fortnightly, Tuesday, 4pm London time.

 

MB-CHR-0006 Chromite, refractory grade, 46% Cr2O3 min, wet bulk, fob South Africa, $ per tonne (inferred)

Quality: Sand, wet bulk; min 46% Cr2O3; max 1% SiO2

Quantity: Min 1,000 tonnes

Location: fob South Africa

Unit: US$ per tonne

Publication: Fortnightly, Tuesday, 4pm London time.

 

To provide feedback on these price assessments, or if you would like to provide price information by becoming a data submitter to these prices, please contact Davide Ghilotti by email at: pricing@fastmarkets.com. Please add the subject heading FAO: Davide Ghilotti, re: chromite.

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

 



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