After a consultation period, Fastmarkets is launching price assessments for these two grades of magnesium oxide to provide better transparency in European refractory materials, which are used for making steel, glass and cement.
The two grades have been gaining traction in the market, and are sourced from key producer countries such as China, Greece and Turkey.
The specification for the new prices will be as follows
MB-MAG-0020 Magnesia, dead burned, 90% MgO, lump, cif Europe, $ per tonne
Quality: Dead burned 90% MgO, lump, bulk
Quantity: Min 1,000 tonnes
Location: cif Europe
Timing: Spot
Unit: $ per tonne
Payment terms: Within 30 days
Publication: Third Tuesday of the month, 4pm London time.
MB-MAG-0021 Magnesia, dead burned, 97% MgO, lump, cif Europe, $ per tonne
Quality: Dead burned 97% MgO, lump, bulk
Quantity: Min 1,000 tonnes
Location: cif Europe
Timing: Spot
Unit: $ per tonne
Payment terms: Within 30 days
Publication: Third Tuesday of the month, 4pm London time.
These prices will be part of the Fastmarkets Industrial Minerals package.
To provide feedback on these prices, or if you would like to provide price information by becoming a data submitter to these prices, please contact Sofia Okun by email at pricing@fastmarkets.com. Please add the subject heading “FAO: Sofia Okun, re: dead burned magnesia cif Europe.”
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.