To keep things nice and simple…… with immediate effect we will charge a flat rate of 25p a tonne on all forward contracts. This rate will be applied to everyone trading PRNs through scrap-ex. No ambiguity, no eligibility criteria and no rebate.
scrap-ex is firmly committed to PRN forward markets and to retaining a competitive pricing structure for them. We think forward contracts work particularly well on the scrap-ex platform with all quarterly contracts and “transitional” markets updated live on one trading screen. http://www.scrap-ex.com/trade/screenshot.html
scrap-ex provides the only fully interactive electronic trading tool for PRNs which means you are always in control of pricing.
We would also like to take this opportunity to thank everyone for their ongoing support and feedback.
We understand that trading conditions remain challenging and we hope that this change will make a positive difference to you in 2010.
scrap-ex PRN Team