PRICING NOTICE: Fastmarkets launches nickel sulfate reference prices

Fastmarkets today, Thursday April 1, launches two new reference prices: nickel sulfate, cif China, Japan and Korea, $ per tonne; and nickel sulfate premium, cif China, Japan and Korea, $ per tonne.

The consultation for this price launch began on Monday March 1, 2021, and ended on Wednesday March 31, 2021.

The price specifications are as follows:

MB-NI-0246 Nickel sulfate, cif China, Japan and Korea, $ per tonne
Quality: Accepted by buyer for use in battery applications with chemical composition: Ni content, base 22.3% max, min 22%, cobalt 50ppm max
Quantity: 1 metric tonne
Location: cif main ports China, Japan, Korea (other ports normalized)
Timing: Within 60 days
Unit: US dollars per tonne
Publication: Monthly, first working day of each month, 4pm London time

MB-NI-0247 Nickel sulfate premium, cif China, Japan and Korea, $ per tonne
Quality: Accepted by buyer for use in battery applications with chemical composition: Ni content, base 22.3% max, min 22%, cobalt 50ppm max
Quantity: 1 metric tonne
Location: cif China, Japan and Korea, on top of monthly average LME nickel cash price
Timing: Within 60 days
Unit: US dollars per tonne
Publication: Monthly, first working day of each month, 4pm London time

If you would like to provide price information by becoming a data submitter to these prices, please email Juliet Walsh at pricing@fastmarkets.com. Please add the subject heading ‘FAO: Juliet Walsh, re Nickel sulfate cif CJK $ per tonne, Nickel Sulfate premium cif CJK $ per tonne.’

To see all Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.

What to read next
Fastmarkets invites further feedback on proposed amendments to its newly launched MB-NI-0256 Nickel low-carbon briquette premium, cif global, price assessment.
The publication of Fastmarkets’ cobalt hydroxide, min 30% co, inferred price was delayed on Tuesday April 30 due to a technical error. Fastmarkets’ pricing database has been updated.
Fastmarkets launches MB-NI-0256 nickel low-carbon briquette premium, cif global, $/tonne, on Wednesday May 1.
Chinese rare earth magnetic materials prices edged up this week after suppliers stood firm behind higher offer prices, market sources told Fastmarkets
China's stainless steel prices saw a notable increase last week, driven by global sanctions affecting nickel, which is a key component
The key discussion topics across the battery raw materials sector ahead of Fastmarkets' Asian Battery Raw Materials conference taking place in Seoul on April 22-23