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Price notice: Nymex, CME prices [update]

May 05, 2020 | 10:53 AM | New York | Thorsten Schier

Tags  Nymex, CME, busheling, hot-rolled coil, HRC, busheling contract, HRC contract


Fastmarkets is extending a consultation to rename some New York Mercantile Exchange and CME Group prices and delist others to better serve customers.

The following prices are proposed to be renamed:

NYMEX midwest no. 1 busheling 1st active $/gross ton
NYMEX midwest no. 1 busheling 2nd active $/gross ton
NYMEX midwest no. 1 busheling 3rd active $/gross ton
NYMEX midwest no. 1 busheling 4th active $/gross ton

The proposed revised price names are as follows:

CME Midwest No1 busheling 1st active, $/gross ton
CME Midwest No1 busheling 2nd active, $/gross ton
CME Midwest No1 busheling 3rd active, $/gross ton
CME Midwest No1 busheling 4th active, $/gross ton

The following prices are proposed to be delisted from Fastmarkets AMM's Price Tracker and daily newsletter:
  
NYMEX hot-rolled coil 1st active $/short ton
NYMEX hot-rolled coil 2nd active $/short ton
NYMEX hot-rolled coil 3rd active $/short ton
NYMEX hot-rolled coil 4th active $/short ton

This data can still be accessed via CME’s website.

The consultation for this proposal started on March 18. The extended consultation will run from Wednesday April 15 until May 13, with changes - subject to market feedback - effective from May 18.

To provide feedback on these prices, or if you would like to provide price information by becoming a data submitter to Fastmarkets’ prices, please contact Thorsten Schier by email at pricing@fastmarkets.com. Please add the subject heading: FAO: Thorsten Schier, re: exchange prices.

To see all of Fastmarkets’ pricing methodology and specification documents, click here.


 

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