Launch of FOB Indonesia nickel MHP price

Fastmarkets launched this mixed hydroxide precipitate (MHP) price to provide greater transparency to the value of MHP produced in Indonesia, and to contribute to its wider MHP price offering.

The growth in MHP production globally, and its growing importance as a key feedstock in the production of battery grade nickel sulfate, has resulted in increased focus on the market and pricing trends.

Indonesia is a key production hub for MHP, and therefore this price assessment should provide further clarity on price levels within the country.

This price launch is part of a further launch of FOB Indonesia nickel prices, which includes a new FOB NPI price.

The price specification for the new price will be as follows:

MB-NIO-0005 Nickel mixed hydroxide precipitate, outright price, FOB Indonesia, $/tonne
Quality: 30-45% nickel min/max, 1-6% cobalt min/max, 4% Zn max, 4% Cu max, 9% Mn max, 5% Mg max, 5% S max, 0.5% Fe max, moisture content 35- 40%
Quantity: Min 100 tonnes
Location: FOB main ports Indonesia
Timing: 45 days
Unit: USD per tonne, inferred basis of the CIF CJK MHP price or expressed by participants
Publication: Daily, 4pm London time

This price will be part of the Fastmarkets base metals package.

To provide feedback on this price or if you would like to provide price information by becoming a data submitter to this price, please contact Callum Perry by email at: pricing@fastmarkets.com.

Please add the subject heading FAO: Callum Perry, re: FOB Indonesia MHP price”.

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.