Search
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

  • By submitting this article to a friend we reserve the right to contact them regarding Fastmarkets AMM subscriptions. Please ensure you have their consent before giving us their details.

Price notice: Ferro-alloy averages

Jan 19, 2020 | 05:50 PM | New York | Christopher Kavanagh

Tags  ferro-alloys, ferro-chrome, ferro-silicon, ferro-manganese, silico-manganese, ferro-vanadium, ferro-molybdenum, ferro-titanium


Fastmarkets AMM is proposing to change the way it calculates monthly averages for its ferro-alloy prices in the United States.

Fastmarkets is proposing to calculate monthly ferro-alloys averages using simple rather than rolling averages due to customer feedback and to align US prices with its global ferro-alloys pricing suite, effective from December 10. December would be the first full month to be calculated using a simple average.

Following the monthly average methodology change, Fastmarkets AMM's historical monthly average data will be amended retroactively to represent simple averages rather than the current rolling-average model. 

Simple averages use only the price points on the day of an assessment to calculate averages, while rolling averages use daily price points - including non-assessment days. For example, a simple monthly average for November would consist of four price points versus the 21 used for a rolling average. For further explanation of simple and rolling averages, refer to page 5 of Fastmarkets AMM's North American Non-ferrous Metals methodology document.

The following prices will be affected by the change:

To provide feedback on these changes, or if you would like to provide price information by becoming a data submitter to the US ferro-alloys assessments, please contact Christopher Kavanagh at pricing@fastmarkets.com. Please add the subject heading: FAO: Christopher Kavanagh re: Ferro-alloy averages.


 

Latest Pricing Trends Year Over Year