S&P Global Platts discontinues Silicon 553 FOB China assessment

S&P Global Platts has discontinued its weekly Silicon 553 grade FOB China (MMAJF00) assessment effective Oct. 1, 2020, due to changes in market liquidity and trading patterns. The last assessment day was Sept. 29, 2020.

The decision came as a result of a proposal to the market published on July 2 in a subscriber note available here: www.spglobal.com

Platts has observed a lack of clarity around the taxation values imposed on the majority of Silicon 553 trades reported, and as such, this assessment may no longer be fully reflective of actual market trade levels and may not best serve its purpose as an industry reference anymore.

With this change, Platts has also ceased to publish the monthly (MMAJF03) and quarterly (MMAJF16) averages of Silicon 553 grade. These assessments were previously published in Platts real-time Metals Alert on the fixed page 407 and in the Platts price database under the codes listed above. There are no changes to the Platts coverage of the Silicon 553 market in other regions.

Platts continues to research and review Silicon metal market trends for alternative price points and potential assessments that may be more suitable and relevant for the market moving forward.

Any further questions and feedback should be directed to PL_Asia_Nonferrous@spglobal.com and pricegroup@spglobal.com

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.