Platt's Metals Guide to Specifications
Product Specifications

A-C

ALUMINUM:

Unalloyed primary ingot.

LME--Official morning session prices on the London Metal Exchange. First price is bid, second is asked. Weekly average is the bid/asked mean; settlement is official cash asked price, with weekly average being average of that price alone. HG (high grade) is min. 99.7% purity, quoted in US dollars.

MW US Market--Estimated US free market price for prompt delivery Midwest (arrival within 30 days). Reflects the Platt's Metals Week premium, (see Transaction price) added to LME Cash Settlement prices for Monday-Thursday only, reflected as an average of the majority of business, in a one-cent range, to smooth out volatility. Monthly averages use low end of the range only. Includes business for North American P1020 (99.7%Al) T-bars and sows, as well as Russian A7E equivalent, meeting LME specifications.

MW US Transaction-- Daily LME HG Cash Settlement adjusted by estimated US free market premium or discount for prompt delivery Midwest (arrival within 30 days). Premium determined based on physical business by a survey of major buyers and sellers and it is normally set once a week for the entire week, unless volatility or end of month requires it to be adjusted daily. Includes business for North American P1020 (99.7%Al) T-bars and sows, as well as Russian A7E equivalent, meeting LME specifications.

US Six-Months P1020 --Weekly estimated US free market premium over LME for North American and Russian 99.7% T-bars and sows meeting LME specifications, delivered Midwest six months forward, based on a survey of quotes and sales during the current week for six months from that date.

US Spot 6063 Billet Upcharge -- Weekly estimated US spot upcharge over current P1020 transaction price for primary, North American General Purpose 6063 billet, to Aluminum Assn. specifications, basis delivery Midwest, net 30 days terms. The range reflects the majority of spot (non contract) business based on a survey of active sellers and buyers.

Russian A7-- (min 99.7% aluminum) CIF Rotterdam, prompt.

European Physical--Western min 99.7% ingot (P1020) in-warehouse Rotterdam, prompt, duty paid.

Australian alumina-- Al203 - 98.5%, quoted on C+F China basis.

Aluminum CIF Japan-- 99.7% Al, 0.1% Si, 0.2% Fe.

Al C+F China Western-- 99.7% Al, 0.1% Si, 0.2% Fe.

Al C+F China, Russian-- 99.7% Al, 0.1% Si, 0.2% Fe.

Al in-warehouse Singapore-- 99.7% Al, 0.1% Si, 0.2% Fe.

Secondary ingot.

LME Alloy--Official morning session prices on the LME. First price is bid, second is asked. Weekly average is the bid/asked mean; settlement is official cash asked price, with weekly average being average of that price alone. Aluminum alloy delivered under this contract shall be: A380.1 alloy produced in conformity with the Aluminum Assn. specification; 226 alloy, produced in conformity with GDB-AlSi9Cu3 as described in DIN standard 1725; and D12S alloy, produced in conformity with JIs H2118-1976, Class 12. (Note: this specification to be read in conjunction with the provision that there be an allowance as follows: Others, total 0.50% max. Al balance). Lot sizes are 20 mt and in US dollar per mt. Cash price started February 1, 1993.

MW A-380 Alloy--8-9.5% Si, 1% Fe, 3-4% Cu, 0.5% Mn, 0.1% Mg, 0.5% Ni, 2.9% Zn, and 0.35% Sn. Estimated twice-weekly (Monday-Thursday) market price for prompt delivery Midwest, customer works, payment net 30 days, 45,000-lb truckload amounts. Price represents a range of spot transaction prices conducted by a survey of major suppliers and buyers.

MW-356, MW-319, and MW-F132-- The material is delivered Midwest customer works, payment net 30 days, 45,000-lb truckload amounts. The twice-weekly price, set on Monday and Thursday, represents a range of spot transaction prices conducted by a survey of major suppliers and buyers. The impurity levels represent the Aluminum Assn. specifications for 356.1, 319.1, and 332.2, respectively, as follows: MW-356-- Si, 6.5-7.56; Fe, 0.50; Cu, 0.25; Mn, 0.35; Mg 0.25-0.45; Zn, 0.35; Ti, 0.25. MW-319-- Si, 5.5-6.5; Fe, 0.8; Cu, 3.0-4.0; Mn, 0.50; Mg, 0.10; Ni, 0.35; Zn, 1.0; Ti, 0.25. MW-F132-- Si, 8.5-10.0; Fe, 0.6; Cu, 2.0-4.0; Mn, 0.20; Mg, 0.9-1.3; Ni, 0.10; Zn, 0.10; Ti 0.20. Prices started April 19, 1993.

ANTIMONY:

MW NY Dealer--99.65% min antimony, 0.15% max arsenic, warehouse, 5-ton lots, duty paid.

99.65% HK-- Chinese produced antimony regulus, min 99.65% Sb, $ per mt, c.i.f., Hong Kong.

BERYLLIUM:

US Be-Cu/Alloy 25-- 2% Be content. Available in strip.

US Be-Cu/Casting Ingot-- Alloy 20C, 2-2.25% Be, 5-lb ingots.

US Be-Cu/Master Alloy-- Be, 5-lb ingots. (Price based on Be content with the copper balance at producer price on date of shipment.)

BISMUTH:

MW NY Dealer--Estimated NY merchant price, 99.99% min purity, prompt delivery. Min one ton.

CADMIUM:

MW NY Dealer--Estimated NY Dealer price, 99.95% min purity, prompt delivery. Min 5-ton lots.

CALCIUM:

Metal Crowns--44% CR2O3, no chrome-to-iron ratio. Imported sporadically to US buyers.

CHROME:

Transvaal Ore--44% CR2O3, no chrome-to-iron ratio. Imported sporadically to US buyers.

Turkish Ore--48% CR2O3, 3:1 chrome-to-iron ratio.

US Electrolytic Metal-- 99.1% Cr, 0.02% C, 0.01% Al.

US Metal Elchrome-regular--99.1% min Cr, 0.02% min C, 0.2% min Fe, 0.01% max Si.

COBALT:

MW US Spot Cathod--Dealer quote for spot material min 99.8%, UMK Co, 2-ton lots, f.o.b. US port, original producer packaging.

Powder--300 mesh, 400-mesh-regular, and 100 mesh, packed in 50-kg drums.

Shot/Cathode/250kg--99.5% Co granules, 1/8" to 3/4" in size, packed in 250-kg drums, 99.9% Co electrolytic cathodes (broken), packed in 250-kg drums. Both f.o.b. New York and Chicago.

99.8% European--Free market in warehouse, US$ per lb.

Zambian--Zambian-origin material, min 99.6% Co, in warehouse, $/lb. Price introduced week ending Oct 6, 1995.

Russian--Russian-origin material, min 99.3% Co, in warehouse, $/lb. Price introduced week ending Oct 6, 1995.

COPPER:

COMEX--Settlement prices on New York Mercantile ExchangeÕs COMEX division. Forward positions are indicated by footnote (C) on price pages. The high-grade contract is ASTM B115.

LME--Official morning session prices on London Metal Exchange. First price is bid, second is asked. Weekly average is the bid/asked mean. The grade A contract is 99.9935% Cu and only cathode and wirebar shapes are deliverable. Quoted as £/mt until June 30, 1993. Started quote in $/mt as of July 1, 1993.

MW No. 1 Scrap--Mid week transaction based, buy-side price indications for bare bright scrap and burnt wire.

MW No. 2 Scrap--Estimated New York area delivered price for clean No. 2 scrap (96% Cu) for the next to last business day of the week.

MW Atlantic Seaboard--Calculated by deducting shipping costs from MW c.i.f. Europe price.

MW CIF Europe--LME grade A asked price.

European Cathodes--Grade A, CIF Rotterdam, prompt.

MW Composite--Weighted average based on estimated US refined copper production, on a delivered cathode basis.

NY Dealer Premium/Cathode--Typical premiums above COMEX being charged by New York metal merchants on the next to last business day of the week.

MW US Producer Cathode--Weighted average based on estimated US refined copper production and published prices for delivered full-plate cathodes.

MW US Producer/Refinery--f.o.b. quotation is MW US producer/delivered prices less 1.4¢ shipping cost.

Copper Concentrate--Cu 30%, CIF Japan.

Copper CIF Japan--Grade A (99.95% min).

Copper C+F China--Grade A (99.95% min).

Copper in-warehouse Singapore--Grade A (99.95% min).

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FERROCHROME:

Imported prices are US dealer quotes, duty paid, f.o.b., Pittsburgh or Chicago warehouses. All prices are per lb of contained Cr, unless otherwise stated.

Charge 50-55%/Imported--Dealer price South African origin.

Charge 60-65%/Imported--Dealer price.

MW Lo-C 0.05%/Imported--Dealer price.

MW Lo-C 0.1%--0.1% C.

MW Lo-C 0.15%--0.15% C.

High Crbn 52%, 62 % Cr, 6-8%, 4-6% C Eur--Free market, US cents per lb, Cr, delivered works.

Low Crbn 0.01% Eur--Free market US cents per lb Cr, delivered works.

50-55% Prod/Japan--50-55% Cr, 6-9% C, 1-4% S. Discontinued June 30, 1993.

Lo-C 60-65% Prod/Japan--0.1% C, 1% Si. Discontinued June 30, 1993.

High-Carbon 60% HK--60% Cr, US cents per lb, f.o.b. main Chinese ports.

MW Lo-C 0.15%--0.15% C. Price introduced week ending October 6, 1995.

50-55% Regular CIF Japan--50-55% Cr, 6-9% C. Started July 1, 1993.

50-55% Spot CIF Japan--50-55% Cr, 6-9% C. Started July 1, 1993.

FERROCOLUMBIUM:

Hi-Purity/Vacuum--Producer list price, packed in drums, 500-lb lots, 62-68% Cb, 0.25% Ta. Prices based on columbium content, f.o.b. shipping point.

FERROMANGANESE:

US producer list prices for lump, bulk lots, duty paid, f.o.b. shipping point. Imported

prices are US dealer quotes, f.o.b. Pittsburgh or Chicago warehouses.

78% Mn Imported--Imported price per long ton of material, 78% Mn, 7% C.

SG/Prod Ferromanganese--Standard grade, producer list price, 78% Mn.

Lo-Carbon 0.1% Producer--Price per lb of manganese content, 85-90% Mn, 0.1% C.

Medium-Carbon Imported and Medium-Carbon Producer--Price per lb of manganese 80-85% Mn, 1.5% C.

High Crbn 76% MN Eur--Free market, DM per mt, delivered works.

73-78%/Japan--7.3% C. Discontinued June 30, 1993.

High-Carbon 75% HK--75% Mn, US dollar per mt, f.o.b. main Chinese ports.

FERROMOLYBDENUM:

Prices based on molybdenum content.

MW US Ferromoly--60% Mo, 0.5% Cu, cash, duty paid, in warehouse, standardized lump 2" or less, US dollar per lb, plus 2,000 lb lots.

MW European Ferromoly--70% Mo, 0.5% Cu, cash Rotterdam, duty unpaid, US dollars per kilo, standardized lump 2" or less, plus 1-mt lots.

HK Femo--Hong Kong, min 60% Mo, US dollar per kilo, f.o.b. main Chinese ports. 60-70% Prod/Japan--0.1% C, 2% Si, Mo content per kilo, Japanese producer. Discontinued June 30, 1993.

Spot CIF Japan--(min 60% Mo, max 0.1% C, max 2% Si; Mo content per kg) Japanese imports. Started July 1, 1993.

FERROSILICON:

Imported prices are US dealer quotes, duty paid, f.o.b. Pittsburgh or Chicago warehouses.

Prices per lb of silicon content.

Standard 75% Si Eur--Free market, DM per mt, delivered works.

Regular CIF Japan, Spot CIF Japan, Chinese CIF Japan (Si 75% min, 0.2% C max.)--Started July 1, 1993.

Non-Origin yen/mt delivered (120-day usance)--Started July 1, 1993.

HK 75% Si--75% Si, US dollar per mt, f.o.b main Chinese ports.

FERROVANADIUM:

Free Mkt V2O5--V2O5, 98% min, duty unpaid, in warehouse, price per lb.

Free Mkt Ferrovanadium--Free market, 78-82% V, duty unpaid, in warehouse, price per kilo.

80% Prod/Japan--80% V, V content ferrovanadium, Japanese producer, and imported, yen per kilo. Discontinued June 30, 1993.

GOLD:

COMEX--Settlement prices on the New York Mercantile Exchange's COMEX Division. Forward position is indicated by footnote (C) on price pages. These months are spot and one year out.

Handy & Harman--Daily quotation is the lowest price at which offers can be obtained by Handy & Harman for gold, min 99.95% purity, for nearby delivery in New York in quantities sufficient to meet its daily requirements.

London Final and London Initial--These spot quotations are established twice daily by consensus of major London bullion dealers. Purity: 99.5% fine.

Engelhard Unfab--Base price per tr oz, asked price at 12:30 EST for 99.95% purity, unfabricated, f.o.b., Carteret, NJ, vault.

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INDIUM:

US Producer Indium Corp.--Indium Corp.'s price for 99.97% purity metal; 1 kilo bar in lots of 10,000 tr oz, f.o.b., Utica, NY.

US Producer Arconium Corp.--Arconium Corp.'s price for 99.99% purity metal; 100 tr oz bars in lots of 5,000 tr oz, f.o.b., Providence, RI.

MW Dealer Indium--Price is based on 99.99% minimum purity indium at warehouse (Rotterdam) in minimum lots of 50 kg.

IRIDIUM:

MW NY Dealer--f.o.b. New York spot, estimated market price for min 99% Ir purity.

LEAD:

LME--Official morning session prices on the London Metal Exchange. First price is bid, second is asked. Weekly average is the bid/asked mean. Purity 99.97%. Quoted as £/mt until June 30, 1993. Started quote in $/mt on July 1, 1993.

MW NA Producer (MW NA Prod)--The weighted average, based on 1993 production figures, of the list prices of those NA (Canadian and US) primary and secondary producers still quoting list prices, in addition to those producers who have switched to LME pricing, the LME cash price plus appropriate market premiums or discounts.

MW North American Secondary Price (Lead Sec Prod)--The weighted average of the prices of NA (US and Canadian) secondary producers.

North American Market--Weekly price for corroding grade lead, based on LME settlement five-day average, plus a weekly premium set after a survey of North American producers and consumers. Began week ending November 8, 1996.

European Dealer--Minimum 99.985%, ex-works Rotterdam, prompt.

Lead, in-warehouse Singapore--99.97% min.

LITHIUM:

US producer list prices.

US Carbonate--Lithium carbonate, technical grade, in 50-lb bags or drums, truckload, min 24,000 lb. Net 30 days, delivered in US, 99% min Li carbonate and max 0.4-0.6% sulfate and 0.004% ferric oxide. Typical specifications are 99.2% Li carbonate, 0.16% sulfate, 0.001% ferric oxide, 0.016% Cl, 0.02% water, 0.035% K, 0.09% Na, and 0.054% Ca.

US Carbonate Pellet--Lithium carbonate granules, 25-lb bags or drums, truckload, min 24,000 lb. Net 30 days, delivered US, 99% min Li carbonate, max 0.4% sulfate and 0.004% ferric oxide. Typical specifications are 99.1% Li carbonate, 0.03% sulfate, 0.002% ferric oxide, 0.009% Cl, 0.03% water, 0.007% K, 0.07% Na, and 0.026% Ca.

US Ingot--technical grade metal ingots, 1,000-lb min, cast in drums, 99.2% min Li, 0.05% max Na. Delivered, net 30 days.

US Rod--One-inch, in cans or foil pouches in drums or boxes, 99.8% min Li, 0.01% max Na, delivered.

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M-N

MAGNESIUM:

All prices for 40,000-lb (truckload) lots.

US Die Cast Alloy/Producer--US producer list price, AZ91D alloy ingot, delivered.

US Primary Ingot/Producer--US producer list price, 99.8% Mg, ASTM Grade 9980A, net 30 days financing, delivered, duty paid.

US Die Cast Alloy/Tran--Western AZ91d alloy ingot, 40,000-lb (truckload), net 30 days, delivered, duty paid, reflecting the majority of producer/customer transactions on a spot basis. Started July 1, 1993.

MW US Spot Western--Western-origin pure 99.8% Mg ingot, ASTM Grade 9980A, truckload (40,000lb) lots, net 30 days, duty paid, prompt delivery to US customer plant (Al alloying, chemical, and Mg ferrosilicon segments). Started July 1, 1993.

MW US Dealer Import--Non oxidized, pure 99.8-99.9% Mg ingot, primarily from CIS or China, truckload (40,000lb) lots, net 30 days, duty paid, prompt delivery to US customer plant (Al alloying, chemical, and Mg ferrosilicon segments). Started July 1, 1993.

European Free Market--Dealer price, 99.9% pure, mostly unoxidized Mg, in warehouse Rotterdam, duty unpaid.

European Norsk Hydro Producer--Norsk Hydro listed price for Europe. 99.8% pure unalloyed magnesium ingot, ASTM 9980A or ISO 8287, and DIN 17800, duty paid, delivered European customer.

MANGANESE:

Ore--Quotes from producer's selling agents and dealers for long-term contractual quantities, low impurities, metallurgical grade, min 48% Mn. Price based on Mn content, c.i.f., US ports.

US Metal/Regular--US producer list prices for min 30,000-lb bulk shipments, price per lb of product, f.o.b. shipping point, min 99.5% Mn, 0.005% C, and max 0.016% N.

99.7% HK--Chinese produced manganese metal, min. 99.7% Mn, US dollar per mt, f.o.b. main Chinese ports.

MERCURY:

US Domestic--99.99% minimum Hg, Prime Virgin material. Delivery is f.o.b. US East Coast warehouse in minimum quantity of 50fl. Price is a composite of quotes from various US sources Ð including dealers and distillers Ð and reflect the prevailing market.

Free Market International--A composite of quotes from various dealers, merchants, and other sellers of mercury in Europe and other parts of the world. Delivery calls for 20fl or more of Prime Virgin mercury in Europe, CIF Rotterdam.

MOLYBDENUM:

Prices based on molybdenum content, f.o.b. shipping point.

Byproduct concentrate--Dealer quotes for molybdenite 50-52% Mo, approximately 1% Cu produced as a byproduct of copper.

Codelco oxide/drums--Codelco Chile's export price for technical molybdic oxide canned.

MW Dealer Oxide--Technical-grade moly oxide, min 57% Mo, max 0.5% Cu, 0.05% lead, c.i.f. Japan, drummed material, in warehouse European ports, US warehouse, duty unpaid.

NICKEL:

NY Dealer/Melting Grade--Delivered North America, duty unpaid, terms. In briquettes and/or in 4X4 or larger cathodes, 99.9% Ni.

NY Dealer/Cath--f.o.b. North American shipping point, 4X4 cathodes, 99.9% Ni; spot, estimated market price.

LME--Official morning session prices on the London Metal Exchange for the cash, three-month, and 15-month positions. First price is bid, second is asked. Weekly average is bid/asked mean. Meets LME specifications, duty unpaid in approved LME warehouses.

MW LME Mean--The average of the cash and three months, bid and ask positions calculated on a daily basis.

NY Dealer/Plating Grade--Delivered duty paid, terms, North America, spot estimated market for 99.95% Ni, in rounds, crowns, and 1X1 cathodes.

European Dealer Melting--Melting grade, CIF Rotterdam, prompt.

European Dealer Plating--Plating grade, CIF Rotterdam, prompt.

Russian Full-Plate--Russian uncut cathode, delivery Europe, prompt.

Nickel in-warehouse Singapore--99.8% min.

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OSMIUM:

MW New York Dealer--f.o.b. New York, spot, estimated market price, min 99.5% purity osmium.

PALLADIUM:

New York Mercantile Exchange--99.9% purity palladium in 100-oz lots. Settlement prices on the New York Mercantile Exchange for the nearest active delivery month. These months are March, June, September, and December.

MW New York Dealer--Estimated market price for 99.95% purity spot metal, f.o.b., New York.JM Base Asia, JM Base Europe, JM Base NA--Quoted by Johnson Matthey to customers for 99.95% purity palladium, f.o.b., JM refinery.

Engelhard Unfab--Base per tr oz asked price at 10:30 EST for 99.95% purity, unfabricated, f.o.b., Carteret, NJ, vault.

London PM Fix--Based on Good Delivery metal of 99.95% purity in the form of plate or ingot with a minimum weight of 1 kg and maximum of 6 kg.

PLATINUM:

New York Mercantile Exchange--99.9% purity platinum in 50-oz lots. Settlement prices on the New York Mercantile Exchange for the nearest active delivery month. These months are January, April, July, and October.

MW New York Dealer--Estimated market price for spot 99.95% purity metal, f.o.b., New York.

JM Base Asia, JM Base Europe, JM Base NA--Quoted by Johnson Matthey to customers for 99.95% purity platinum, f.o.b., JM refinery.

Engelhard Unfab--Base price per tr oz, asked price at 10:30 EST for 99.95% purity, unfabricated, f.o.b., Carteret, NJ, vault.

London PM Fix--Based on Good Delivery metal of 99.95% purity in the form of plate or ingot with a minimum weight of 1 kg and maximum of 6 kg.

RHODIUM:

MW New York Dealer--f.o.b. New York, spot, estimated market price.

JM Base Asia, JM Base Europe, JM Base NA--Quoted by Johnson Matthey to customers for 99.9% purity Rh, f.o.b. JM refinery.

Engelhard Unfab--base price per tr oz asked price at 10:30 EST for 99.9% purity, unfabricated, f.o.b., Carteret, NJ, vault.

RUTHENIUM:

MW New York Dealer--f.o.b. New York, spot, estimated market price for 99.9% purity metal.

JM Base NA--Quoted by Johnson Matthey to customers for 99.9% purity Ru, f.o.b., JM refinery.

Engelhard Unfab--base price per tr oz asked price at 10:30 EST for 99.9% purity, unfabricated, f.o.b., Carteret, NJ, vault.

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SILICOMANGANESE:

Price based on total alloy content.

MW 2% Carbon/Imported--Imported (dealer) quote, duty paid, f.o.b., Pittsburgh or Chicago warehouses, 65-68% Mn, 16-18.5% Si, 0.2% P, 2% C.

2% Carbon/Producer--Producer list prices, f.o.b. shipping point. (Suspended August 1995.)

Regular CIF Japan--(S Africa, Norway, Brazil) $/mt (Mn 65% min, Si 16% min). Started July 1, 1993.

CIS CIF Japan, Chinese CIF Japan--(Mn 65% min, Si 16% min). Started July 1, 1993.

Non-Origin--yen/mt delivered (120-day usance). Started July 1, 1993.

Standard 16-20% Si Eur--Free market, DM per mt., delivered works.

60-70%/Japan--60-70% silicomanganese, 16-20% Si imported, per mt. HK 65% Mn--min 65% Mn. max 17% Si, US dollar per kilo, f.o.b. main Chinese ports. Discontinued June 30, 1993.

SILICON:

Pricing based on silicon content, f.o.b. shipping point, freight equalized to nearest producer.

MW Dealer Import--Free market price per lb of silicon content duty paid, f.o.b. Midwest or East Coast warehouses, typically 1% Fe, min 50-ton lots.

Min 98% Europe--Free market, DM per mt.

HK 98.5% Si--Chinese produced silicon metal, min 98.5% Si, US dollars per mt, f.o.b. main Chinese ports.

Spot CIF Japan--Japanese spot imports for secondary aluminum (Chinese origin), $/mt CIF Japan. Started July 1, 1993.

SILVER:

COMEX--Settlement prices on the New York Mercantile Exchange's COMEX division. Forward positions are indicated by footnote (C) on price pages. These months are spot, three months out, and one year out.

Handy & Harman--Lowest price at which offers can be obtained by Handy & Harman for silver in commercial bar form, in accordance with ASTM designation B413-69. Specification for refined silver, grade 99.9%, for nearby delivery in New York, in quantities sufficient to meet its daily requirements.

London Spot--Quotation is the consensus of major London bullion dealers.

London Spot/US Equivalent--Official US dollar equivalent of London Spot price as quoted by major London bullion dealers.

Engelhard Unfab--Base price per tr oz asked price at 12:30 EST for 99.9% purity, unfabricated, f.o.b., Carteret, NJ, vault.

TANTALUM:

Spot Tantalite Ore--c.i.f. US ports, price based on Ta2O5 content. Dealer quotation, about 60% combined Cb2O5, depending on grade and size of lot, f.o.b. main US port.

TIN:

LME--Official morning session prices on the London Metal Exchange. First price is bid, second is asked. Weekly average is the bid/asked mean. Purity 99.85%.

MW Composite--the price is calculated using an average of the KLTM price and the LME price, plus fixed charges, finance charges, Malaysian exchange rate, and a risk factor representing the cost to US consumers for Grade A tin, ex-dock, major port, duty paid.

MW New York Dealer--New York Grade A tin quotation by major dealers for spot material. Duty paid, ex-dock. Prices usually set Monday and Thursday.

US Low Lead--Quotes from major New York dealers for spot 0.01% Pb max, f.o.b., Duty paid. Prices usually set Monday and Thursday.

KLTM--Daily settlement price for Straits tin (min 99.85% purity) on the Kuala Lumpur Tin Market, Malaysia, converted into US cents per lb, using the spot Citibank Malaysian exchange rate.

TITANIUM:

Ore/Rutile--Australian-origin rutile, bulk, c.i.f. US East Coast.

US SG Ingot Producer--Producer list price for standard grade ingot, 6% Al, 4% V, 32-36 inch diameter, delivered.

MW US 70% Ferrotitanium--Estimated spot market price for 70% Ti ferrotitanium, lump form, max 5% Al, 2-3% V, 0.5% tin, duty paid, delivered, per lb of Ti contained.

European 70% Ferrotitanium--Spot market transaction price for European standard grade 70% Ti ferrotitanium, max 5% Al, 2-3% V, 0.5% tin, max 0.5% N, duty paid, delivered, £ per kg Ti contained.

MW US Turning 0.5%--Free market price for US unprocessed turnings, 90% Ti, 6% Al, 4% V, 0.5% tin, delivered, duty paid.

European Turning 0.5%--Spot price for US-or European-generated turnings, 90% Ti, 6% Al, 4% V, 0.5% tin, delivered, duty paid.

TUNGSTEN:

MW US Spot Ore--Min 65% WO3, in 10-ton lots. Price based on stu of WO3, c.i.f. main US ports, including duty.

APT US--Min 88.5% WO3, US dollar per stu, duty paid, delivered to consumer's plant within 30-45 days, 30 days credit.

APT European--Min 88.5% WO3, US dollar per mtu, c.i.f. Rotterdam, cash, duty free.

APT-HK--Chinese #1 grade, min, 88.5% WO3, US dollar per mtu, f.o.b main Chinese ports.

MW Ferrotungsten--min 72-75% W, 0.5% Si, 0.5% Cu, 0.25% Mn, and 0.2% C, duty unpaid, in warehouse, US dollars per kilo of W.

HK Ferrotungsten--min 75% W, US dollar per kilo, f.o.b. main Chinese ports.ZINC:

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ZINC:

LME SHG--Official morning session price for 99.95% or better zinc.

MW North American SHG (MW NA SHG)--Price based on LME base price plus premiums or discounts, depending on market conditions.

MW North American GAL (MW NA GAL)--A formula-based quote aimed at zinc users in the galvanized and steel markets. Factors considered are the LME cash price plus premiums or discounts, financing by the consumer, and other market-related conditions. Varies on a daily basis.

MW Four Corners--(Formerly MPR, EPP) LME SHG cash and three-month bid and asked prices, averaged on a daily basis.

MW Alloyer No. 3--US alloyer quote for No. 3 die casting alloy, 30,000-lb lots and over, delivered, based on LME cash price plus premiums for alloying. Varies on a daily basis.

European Physical--SHG, in-warehouse Rotterdam, prompt.

Zinc in-warehouse Singapore--99.995% min.

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