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, $/tonne
Quality: Ni typical 30% (range 26%-32%), P 0.0045% max, S 0.060% max
Quantity: Min 100 nickel metal tonnes per lot
Location: CIF China
Unit: USD/tonne
Payment terms: Cash, other payment terms normalized
Publication:Fortnightly. Monday 7pm Shanghai time
Notes: 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.”
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.
