Fastmarkets has amended the name of the price assessment for nickel ore 1.8% basis 15-20% Fe water content: 30-35% Si:Mg ratio<2 lot size 50,000 tonnes, cif China.
The name of the price has been shortened to nickel ore with 1.8% nickel content, cif China to enhance its readability and alignment with other Fastmarkets nickel ore prices.
The move follows a consultation period that ended on January 24.
The amendment should have taken place from January 31, but was delayed until February 14 due to a reporter error.
The specifications for the price are as follows (changes in italics):
MB-NIO-0001 Nickel ore with 1.8% nickel content, cif China, $/tonne
Quality: 1.8% Ni, 15-20% Fe, Water content 30-35%, Si:Mg ratio <2
Quantity: 50,000 tonnes
Location: cif China
Unit: USD per tonne
Payment terms: Letter of Credit
Publication: Weekly. Friday 2-3pm London time
The price is part of the Fastmarkets base metals package.
To provide feedback on this pricing notice or if you would like to provide price information by becoming a data submitter to this price, please contact Dylan Duan and Laura Li by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Dylan Duan and Laura Li re: nickel ore with 1.8% nickel content, 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.
