Lot No.: 2089

Name
the Underlying Asset shall mean non-standardized portion of blast furnace-forming additive grade BI50 TU U 13.2-23073941-001.2005
Determination of market value
The market value of the Underlying Asset as of the Settlement date (due date) shall be calculated by multiplying the present (contract) value of the Underlying Asset by the benchmark. Given the stable direct dependence of the Underlying Asset value on international prices for ilmenite concentrate, the Parties agreed for determine the market price of the Underlying Asset as of the due date, to use as the benchmark coefficient K calculated by the formula: K = (P1 - P0) / 100%, where P1 is the price index of ilmenite concentrate as of the due date, P0 - the price index of ilmenite concentrate as the effective date. P1 and P0 are determined according to the information on the price dynamics of 1 ton of ilmenite concentrate (47-49% TiO2, CIF China), published on the portal https://www.fastmarkets.com.
Quantity
4 (ton)
Price per unit with VAT
450.00
Price of UA with VAT
1,800.00 USD
Bid Increment
1,000.00
Date of settlements
03/14/2022
Term of the FC
03/14/2022

Lot Documents



 Back