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The proposal follows feedback from market participants who are seeing less spot liquidity in these two kinds of refractory materials, given that most cargoes are sold through long-term contracts and the fact that global buyers have become inactive in the spot market amid weak demand from the steel industry.
The proposed new specifications are listed below, with the proposed amendments in italics:
MB-ALU-0006 – Alumina, fused brown, min 95% Al2O3, refractory sized (0-6mm), fob China, $/tonneQuality: Min 95% Al2O3. Crushed, sized between 0-1mm, 1-3mm, 3-5mm, generally in one-tonne big bagQuantity: Min 20 tonnesLocation: fob ChinaPublication: Monthly, last Thursday of the month, by 4pm, LondonMB-ALU-0008 – Alumina, fused brown, min 95% Al2O3, FEPA F8-220 grit, fob China, $/tonneQuality: Min 95% Al2O3. Crushed, FEPA sizeQuantity: Min 20 tonnesLocation: FOB ChinaPublication: Monthly, last Thursday of the month, by 4pm, LondonMB-ALU-0009 – Alumina, fused white, 25kg bags, cif Europe, €/tonneQuality: Min 95% Al2O3, 0.4% NA2O. Crushed, sized between 0-1mm, 1-3mm, 3-5mm, in 25kg bagQuantity: Min 20 tonnesLocation: CIF EuropePublication: Monthly, last Thursday of the month, by 4pm, LondonMB-BX-0010 – Bauxite, refractory-grade, 85%/2.0/3.15-3.2 (0-6mm), fob Xingang, $/tonneQuality: Min 85% Al2O3, 2.0% iron, 3.15-3.2 bulk density. Crushed, sized between 0-1mm, 1-3mm, 3-5mmQuantity: Min 20 tonnesLocation: FOB XingangTiming: Spot contractUnit: USD/tonnePublication: Monthly, last Thursday of the month, by 4pm, LondonNotes: Normally in 1-tonne big bag
MB-BX-0011 – Bauxite, refractory-grade, 86%/2.0/3.15-3.2 (0-6mm), fob Xingang, $/tonneQuality: Min 86% Al2O3, 2.0% iron, 3.15-3.2 bulk density. Crushed, sized between 0-1mm, 1-3mm, 3-5mmQuantity: Min 20 tonnesLocation: FOB XingangTiming: Spot contractUnit: USD/tonnePublication: Monthly, last Thursday of the month, by 4pm, LondonNotes: Normally in 1-tonne big bag
MB-BX-0012 – Bauxite, refractory-grade, 87%/2.0/3.15-3.2 (0-6mm), fob Xingang, $/tonneQuality: Min 87% Al2O3, 2.0% iron, 3.15-3.2 bulk density. Crushed, sized between 0-1mm, 1-3mm, 3-5mmQuantity: Min 20 tonnesLocation: FOB XingangTiming: Spot contractUnit: USD/tonnePublication: Monthly, last Thursday of the month, by 4pm, LondonNotes: Normally in 1-tonne big bag
MB-BX-0013 – Bauxite, refractory-grade, 88%/2.0/3.15-3.2 (0-6mm), fob Xingang, $/tonneQuality: Min 87% Al2O3, 2.0% iron, 3.15-3.2 bulk density. Crushed, sized between 0-1mm, 1-3mm, 3-5mmQuantity: Min 20 tonnesLocation: FOB XingangTiming: Spot contractUnit: USD/tonnePublication: Monthly, last Thursday of the month, by 4pm, LondonNotes: Normally in 1-tonne big bag
These prices are part of the Fastmarkets industrial minerals package.
The consultation period for this proposed amendment starts from Tuesday March 19 and will end on Tuesday April 16. The amendment will then take place, subject to market feedback, on Thursday April 25.
To provide feedback on this proposal, or if you would like to provide price information by becoming a data submitter to any of these prices, please contact Ruby Liu by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Ruby Liu, re: Fused alumina and refractory-grade bauxite price assessments.”
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.