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PRICING NOTICE: US Midwest lead premiums

May 19, 2017 | 03:39 PM | Tom Jennemann

Tags  pricing notice, lead premium, 99.99-percent lead, 99.97-percent lead, Tom Jennemann


On Jan. 17, 2017, AMM and Metal Bulletin amended their methodology for assessing United States Midwest lead premiums and launched two new assessments: one for 99.97-percent lead and one for 99.99-percent lead.

Previously, both publications only printed one weekly U.S. Midwest price, for 99.97-percent minimum lead content, which included transactions for both 99.97-percent and 99.99-percent material. This typically resulted in a wide range between the low and high.

The decision to split the market into two grades was based on feedback from industry participants, who wanted tighter specifications and a narrower price range.

As for historical data, AMM and Metal Bulletin prices listed on the websites and price books prior to Jan. 17, 2017, are for 99.97-percent minimum material, meaning that those prices have the wider range that encompasses both 99.97-percent and 99.99-percent material.

Price: Lead 99.97-percent purity, delivered U.S. Midwest, cents/pound
Basis: Delivered consumer works, U.S. Midwest
Currency: US cents 
Unit: Pound
Min. lot size: 25 tonnes
Payment terms: 30 days, other payment terms normalized
Quality: Lead of 99.97-percent purity conforming to London Metal Exchange specification BS EN 12659:1999, GB/T 469/2005 or ASTM B29-03 (2009)
Form: Ingots
Publication: Weekly on Tuesdays, between 10 a.m. and 11 a.m. Eastern Time

Price: Lead 99.99-percent purity, delivered U.S. Midwest, cents/pound

Basis: Delivered consumer works, U.S. Midwest
Currency: US cents 
Unit: Pound
Min. lot size: 25 tonnes
Payment terms: 30 days, other payment terms normalized
Quality: Lead of 99.99-percent minimum purity conforming to LME specification BS EN 12659:1999, GB/T 469/2005 or ASTM B29-03 (2009)
Form: Ingots
Publication: Weekly on Tuesdays, between 10 a.m. and 11 a.m. Eastern Time

If you have any questions about these prices or want assistance in accessing historical prices or data, please contact U.S nonferrous editor Tom Jennemann at Tom.Jennemann@metalbulletin.com.





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