Delayed publication of China NPI, nickel ore assessments

The publication of Fastmarkets’ assessments for China’s nickel pig iron and nickel ore markets were delayed because of a reporter error. Fastmarkets’ pricing database has been updated.

The following prices were affected: 
MB-FEN-0001 Nickel pig iron, high-grade NPI content 10-15%, contract, ddp China, yuan/nickel unit price
MB-FEN-0002 Nickel pig iron, high-grade NPI content 10-15%, spot, ddp China, yuan/nickel unit price
MB-NIO-0001 Nickel ore with 1.8% nickel content, cif China, $/tonne
MB-NIO-0002 Laterite ore with 1.5% Ni content, cif China, $/tonne
MB-NIO-0006 Laterite ore with 1.3% Ni content, cif China, $/tonne

MB-FEN-0001 and MB-FEN-0002 are part of Fastmarkets’ Steel Raw Materials package, and MB-NIO-0001, MB-NIO-0002 and MB-NIO-0006 are part of Fastmarkets’ Base Metals 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 Dylan Duan by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Dylan Duan, NPI and Nickel Ore, 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.

What to read next
An incorrect EUR/USD exchange rate, used to convert the cost of inputs priced in euros to US dollars, caused the prices to be calculated incorrectly. This has now been rectified. The following prices were affected: AG-SAF-0004 Sustainable aviation fuel (SAF max), base cost, exw Netherlands, $/tonnePublished incorrectly as: $2,995 per tonneCorrected to: $1,996 per tonne […]
The publication of Fastmarkets’ European aluminium billet premiums assessments for Friday February 6 was delayed because of a procedural error. Fastmarkets’ pricing database has been updated.
Fastmarkets has corrected its MB-GD-0001 Gadolinium oxide 99.99%-99.999% fob China, $/kg price, which was published incorrectly.
The US laid out its strongest push yet to reshape global critical minerals supply chains at the inaugural Critical Mineral Ministerial in Washington on Wednesday February 4, where senior officials detailed plans for an allied trade bloc built on reference prices and enforceable price floors – a potential turning point for small, strategically important markets such as tungsten.
Fastmarkets launches MB-STE-0951 Steel hot-rolled coil index, fob mill Canada on Thursday February 5.
The consultation, which is open until Friday March 6, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for steelmaking raw materials, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price […]