Launch of European nickel briquette warrant, full plate warrant premiums

Fastmarkets will launch assessments of the MB-NI-0258 Nickel, min 99.8%, briquette warrant premium, in-whs North Europe, and the MB-NI-0259 Nickel, min 99.8%, full plate warrant premium, in-whs North Europe, on Wednesday March 26.

After a consultation period, Fastmarkets is launching the two price assessments for nickel warrant premiums for the European market to create separate assessments for briquette and full-plate nickel warrants in Northern Europe to better reflect the market.

The specifications for the new premium assessments are as follows:

MB-NI-0258 Nickel min 99.8% briquette warrant premium, in-whs North Europe, $ per tonne
Quality: Briquette. 99.80% min primary nickel conforming to LME specification: ASTM B39-79 (2013) or GB per tonne 6516-2010-Ni9990 grade
Quantity: Min 6 tonnes
Location: Any LME-approved warehouse in North Europe (Belgium, Germany, the Netherlands, Sweden and the UK), premium on top of LME cash prices
Timing: Prompt release
Unit: USD per tonne
Payment terms: Cash, other terms normalized
Publication: Fortnightly. Weds 3-4pm London time.

MB-NI-0259 Nickel min 99.8% full plate warrant premium, in-whs North Europe, $ per tonne
Quality: Full-plate cathode. 99.80% min primary nickel conforming to LME specification: ASTM B39-79 (2013) or GB per tonne 6516-2010-Ni9990 grade
Quantity: Min 6 tonnes
Location: Any LME-approved warehouse in North Europe (Belgium, Germany, the Netherlands, Sweden and the UK), premium on top of LME cash prices
Timing: Prompt release
Unit: USD per tonne
Payment terms: Cash, other terms normalized
Publication: Fortnightly. Weds 3-4pm London time.

These prices will be part of the 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 Natasha Porter by email at pricing@fastmarkets.com. Please add the subject heading “FAO: Natasha Porter, re: North Europe nickel warrant premiums.”

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.

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