Delayed publication of Indonesian domestic trade laterite ore with 1.6% nickel content due to government website shutdown or force majeure

In Indonesia, higher-grade saprolite ore, such as MB-NIO-0008 Indonesia laterite ore with 1.6% nickel content, domestic trade, delivered, $/tonne, is mostly priced on a Mineral Benchmark Price (HPM)-plus-premium basis. The HPM is calculated using a benchmark formula based on the government’s official mineral reference prices (HMA), published on the 1st and 15th of each month.

As the government website that publishes the HMA is currently under maintenance without notification of how long maintenance will be or how to access this data via other sources, and because the latest figure has also not been obtainable through any alternative channel, Fastmarkets’ relevant assessment will remain pending until the updated HMA is released or clearer pricing signals emerge from the market.

The following price was affected:
MB-NIO-0008 – Laterite ore with 1.6% nickel content, Indonesia domestic trade, delivered, $/tonne 

This price is part of the Fastmarkets base metals package.

To provide feedback on this price, or if you would like to provide price information by becoming a data submitter for this price, please contact pricing@fastmarkets.com and basemetals@fastmarkets.com. Please add the subject heading “re: Indonesian domestic trade laterite ore with 1.6% nickel content.”

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