Metalshub, the digital trading platform for metals and ferroalloys based in Düsseldorf, Germany, has launched its first price indices, it tells Kallanish.
The platform has started publishing price indices on 5 November for ferrosilicon, ferrochrome, ferromolybdenum, ferrovanadium, ferromanganese and manganese metal. The six indices will be the company’s first move into the price data arena, with others expected to be added later. They are based exclusively on real negotiation and transaction data, Metalshub notes.
It highlights a strong trading liquidity that the platform has generated since going live in 2017. According to its managers, the marketplace features a list of around 1,000 member companies and generates more than 900 bid/offer data points per month. The value of legally binding contracts concluded over the platform was around €100 million ($118m) in 2019, and is expected to reach €200m this year, despite the market disruptions caused by the Covid-19 pandemic.
