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The change in frequency, which takes place from Monday November 25, will help to better reflect the dynamics of China’s ferro-nickel import market, particularly with the ferro-nickel price being closely linked to the LME nickel price.
The new specifications are listed below, with the amendment of price frequency in italics:
MB-FEN-0003 Ferro-nickel premium/discount, 26-32% Ni contained, cif China, $/tonneQuality: Ni typical 30% (range 26%-32%), P 0.0045% max, S 0.060% maxQuantity: Min 100 nickel metal tonnes per lot Location: CIF China Unit: USD/tonnePayment terms: Cash, other payment terms normalized Publication:Fortnightly. Monday 7pm Shanghai timeNotes: Ferro-nickel price = (LME Ni price + premium/ discount) x nickel content
This price is part of the Fastmarkets ores and alloys package.
To provide feedback on this price assessment or if you would like to provide price information by becoming a data submitter to this price, please contact Laura Li by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Laura Li, re: Ferro-nickel, 26-32% Ni contained, cif China.”
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To see all Fastmarkets’ pricing methodology and specification documents, go to: https://www.fastmarkets.com/methodology.