Launch of high-grade nickel matte payable indicator

After an extended consultation period, Fastmarkets has launched high-grade nickel matte payables indicator, a move that complements Fastmarkets’ industry-leading payable indicators of intermediates.

The specification for the new price is as follows:

MB-NI-0257 High-grade nickel matte payable indicator, 65-75% nickel contained, cif China, % of official exchange price
Quality: nickel matte, Ni 65-75%, Fe 6% max
Quantity: Min 100 tonnes
Location: CIF main ports China
Unit: Calculated as a percentage of the prevailing exchange-traded Class I nickel reference price published each business day.¹
Publication: Final Friday of each month, 7pm China time
¹ The current reference is LME Nickel Cash Official, freely available at www.lme.com.

The price will be a part of the Fastmarkets base metal package.

To provide feedback on this price 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, nickel matte, 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.