PRICING NOTICE: Standardization of Fastmarkets’ price names

Fastmarkets has standardized the names of our metals and minerals prices across our product suite for ease of use and greater transparency.

The aim of this exercise is to make it as easy as possible for our licensed users to identify and use our pricing data.

As of two weeks from the date of this notice, all Fastmarkets price names will follow this structure, where possible: commodity + product/grade + incoterm + location + currency + unit of measure.

Please click here for to see our revised lists of standardized price names ahead of their implementation on July 5.

If you cannot find what you are looking for, please contact our customer success team today via email: customersuccess@fastmarkets.com or tel: +44 (0)20 7779 8787 (EMEA), +65 64 221 478 (Asia) and +1 312 366 2542 (Americas).

If you use any of our prices in your contracts, please update the name to the new name at your earliest convenience. Please direct any counterparties with queries either to the page above or our customer success team.

Although Fastmarkets has made changes to the description of the price in the name, the methodology for the discovery of each price remains the same.

We will, however, update our price methodology documents to reflect the standardized price names.

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

If you would like to provide price information by becoming a data submitter to this any of Fastmarkets’ prices, please contact our price reporting team by email at pricing@fastmarkets.com.

What to read next
Fastmarkets launched AG-WHE-0058 Wheat 10.5% fob US Gulf SRW wheat $/mt on January 6, 2025.
Fastmarkets has corrected several ferrous metal weekly averages, which were published incorrectly on December 28.
Fastmarkets has corrected its MB-CO-0005 cobalt standard grade in-whs Rotterdam price assessment, which was published incorrectly on Monday January 13, 2025, due to a reporter error.
The publication of Fastmarkets’ Ukrainian sunoil and sunmeal, and Russian sunoil assessments between January 2, 2020 and March 11, 2022 were delayed because of a technical issue.
Fastmarkets’ decision follows a one-month consultation to discontinue its China domestic wire rod price because of small transaction volumes and because it is not a major price benchmark or key reference. The consultation received no feedback. The affected price is:MB-STE-0164 Steel wire rod (mesh quality) domestic, ex-whs Eastern China, yuan/tonneFastmarkets will keep its weekly price […]
Fastmarkets published its MB-STE-0232 Steel scrap No1 busheling, consumer buying price, delivered mill Chicago, $/gross ton on Friday January 10, 2025.