The proposal to discontinue follows preliminary discussions with the market and internal analysis of the price usage, which suggests low market liquidity.
The specification of the price Fastmarkets is proposing to discontinue is as follows:
MB-PB-0097 Lead 99.97% ingot warrant premium, in-whs US, $/tonne
Quality: Lead cathode of 99.97% to 99.99% purity conforming to LME specification BS EN 12659:1999, GB/T 469/2005 or ASTM B29-03 (2009)
Quantity: Min 25 tonnes
Location: In any LME-approved warehouse in the USA, premium on top of LME cash prices
Timing: Prompt release
Unit: USD/tonne
Payment terms: Cash, other payment terms normalized
Publication: Fortnightly. Wednesday 3-4pm London time
This price is a part of the Fastmarkets Base Metals package.
All historical data relating to the assessment prior to the discontinuation will remain available in the pricing section of the Fastmarkets website.
The consultation period for this price discontinuation begins on Thursday January 9 and will end on Monday February 10, with the change taking place, subject to market feedback, from February 12, with no assessment published on that day or moving forward.
All short-term forecasts associated with this price produced by the Fastmarkets research team, if any, will also be discontinued.
To provide feedback on this proposal to discontinue this price, or if you would like to provide price information by becoming a data submitter to this price, please contact Natasha Porter by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Natasha Porter re: US lead 99.97% ingot warrant premium.”
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.
