Proposal to amend frequency of cif Japan and Korea nickel sulfate assessments: pricing notice

The proposal follows Fastmarkets’ observations that the commodity sees inactive spot liquidity and low volatility in prices.

The proposed new specifications for the prices are as follows, with the amendments in italics:

MB-NI-0246 Nickel sulfate, cif Japan and Korea, $/tonne
Quality: Accepted by buyer for use in battery applications with chemical composition: Ni content, base 22.3% max, min 22%, cobalt 50ppm max
Quantity: Min 1 tonne
Location: cif major ports Japan, Korea (other ports normalized)
Timing: Within 60 days
Unit: USD/tonne
Publication: Fortnightly, 5-6 pm China

MB-NI-0247 Nickel sulfate premium, cif Japan, and Korea, $/tonne
Quality: Accepted by buyer for use in battery applications with chemical composition:Ni content, base 22.3% max, min 22%, cobalt 50ppm max
Quantity: Min 1 tonne
Location: cif major ports Japan, and Korea, on top of weekly average LME nickel cash price
Timing: Within 60 days
Unit: USD/tonne
Publication: Fortnightly, 5-6 pm China

These prices are part of the Fastmarkets base metals package.

The consultation period for this proposed amendment starts on Wednesday May 20 and will end on Thursday June 18. The amendment will then take place, subject to market feedback, on Friday June 26.

To provide feedback on these prices or if you would like to provide price information by becoming a data submitter to these prices, please contact pricing@fastmarkets.com and basemetals@fastmarkets.com. Please add the subject heading “Re: Nickel sulfate cif Japan and Korea prices.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets pricing methodology and specification documents, go to the Fastmarkets methodology page.