Fastmarkets will launch a weekly price assessment for ferro-silicon, 75% Si min, cif Japan basis on Wednesday June 16.
Following a consultation held over April 27-June 10, Fastmarkets has decided to launch a weekly assessment of the import price for ferro-silicon basis 75% Si min in Japan.
The new assessment aims to allow market participants to more clearly and transparently track the Japanese import market in light of declining spot liquidity in the Chinese ferro-silicon export market as well as increasing spot activity in the Southeast Asian ferro-silicon import market.
A Japanese ferro-silicon import price assessment will serve as an additional indicator to provide the market with a more comprehensive picture of the ferro-silicon market in Asia.
The specifications for the new price assessment are as follows:
Assessment: MB-FES-0006 Ferro-silicon 75% Si min, cif Japan, $/tonne
Quality: Lump. Si 75-80%; Al 2% max; P 0.05% max; S 0.02% max; C 0.2% max; size: 10-50mm
Quantity: 100 tonnes
Location: cif Japan
Unit: $ per tonne
Payment terms: Cash or letter of credit
Publication: Weekly. Wednesday 2-3pm London time
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