Launch of ferro-nickel, 20-25% Ni contained cif China price assessments: pricing notice

Following an extended consultation period, Fastmarkets is launching two prices assessments for ferro-nickel with 20-25% nickel contained both on an outright basis and a premium/discount basis.

These prices aim to provide greater transparency to the CIF China ferro-nickel market and a broader reference for participants and will complement  Fastmarkets’ exisiting high grade ferro-nickel, 26-32% Ni contained cif China price. This is because ferro-nickel with lower nickel content has become more mainstream amidst a rapidly rising amount of Indonesian lower-grade ferro-nickel in the market and the shrinking nickel content in global nickel supplies after decades of mining and the production cuts or even closures at many non-Indonesian plants.

The price specification for the new prices are as follows:

MB-FEN-0006 Ferro-nickel 20-25% nickel contained, outright price, 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 7pm Shanghai time
Notes: In the absence of data, Fastmarkets will calculate this price based upon the premium/discount to London Metal Exchange nickel price.

MB-FEN-0007 Ferro-nickel 20-25% nickel contained, premium/discount, 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 7pm Shanghai time

These prices are part of the Fastmarkets ores and alloys package.

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 Sally Zhang or Dylan Duan or Laura Li by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Sally Zhang/Dylan Duan/Laura Li, re: 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.