Fastmarkets to amend frequency of CIF Japan, Korea nickel sulfate assessments

The decision follows a one-month consultation period which closed on June 18, and comes amid low spot liquidity and volatility in prices for nickel sulfate in the CIF Japan and Korea market.

The new specifications are as follows, with changes in italics:

MB-NI-0246 Nickel sulfate, cif Japan and Korea, $/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: Min 1 tonne
Location: cif major ports Japan, Korea (other ports normalized)
Timing: Within 60 days
Unit: USD/tonne
Publication: Fortnightly, 5-6 pm China

MB-NI-0247 Nickel sulfate premium, cif Japan, and Korea, $/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: Min 1 tonne
Location: cif major ports Japan, and Korea, on top of weekly average LME nickel cash price
Timing: Within 60 days
Unit: USD/tonne
Publication: Fortnightly, 5-6 pm China

These assessments are part of the Fastmarkets base metals price package.

To provide feedback on this change or if you would like to provide price information by becoming a data submitter to this price, please contact pricing@fastmarkets.com and basemetals@fastmarkets.com. Please add the subject heading “Re: Nickel sulfate cif Japan and Korea prices.”

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 the Fastmarkets methodology page.