Proposal to launch low-grade ferro-nickel, 20-25% Ni contained cif China price assessment

Ferro-nickel is an alloy composed primarily of iron and nickel that is mainly used for stainless steel production.

Fastmarkets has been tracking high-grade ferronickel price since 2016, but low-grade ferro-nickel has become more mainstream since the rapid rise in the amount of Indonesian lower-grade ferro-nickel entering the market, the shrinking nickel content in global nickel supplies after decades of mining and the production cuts and closures at many non-Indonesian ferro-nickel plants.

The proposed price assessment will allow Fastmarkets to bring more transparency to the CIF China low-grade (20-25% nickel) ferro-nickel market.

The proposed specifications are as follows:

Ferro-nickel, 20-25% nickel contained, cif China, $/tonne
Quality: Ferro-nickel, 20-25% Ni, S 0.07% max, P 0.05% max
Quantity, min 100 nickel metal tonnes per lot
Location: CIF China
Unit: USD/tonne
Payment terms: Cash, other payment terms normalized
Publication: Fortnightly, Monday at 4pm London time

This price will be part of the Fastmarkets ores and alloys package.

The consultation period for this proposed launch starts from October 18 and will end on November 15. The launch will take place, subject to market feedback, on November 25.

To provide feedback on this proposal or if you would like to provide price information by becoming a data submitter to this price, please contact Dylan Duan by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Dylan Duan, re: low grade ferro-nickel, 20-25% Ni contained, cif China.”

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: https://www.fastmarkets.com/methodology.