Launch of laterite ore 1.3% nickel content cif China price

Fastmarkets has launched its MB-NIO-0006 laterite ore with 1.3% Ni content, cif China price assessment on Friday April 12.

Following a consultation that ended on April 10, Fastmarkets has launched a new nickel ore price to provide greater transparency to the laterite ore with 1.3% nickel CIF China market, which accounts for around half of total nickel ore volumes imported into China in 2023.

The price specification for the new price are as follows:

MB-NIO-0006 Laterite ore with 1.3% Ni content, cif China, $/tonne
Quality: Nickel ore 1.3% Ni, 15-25% Fe, Si:Mg ratio 1.1-1.8, water content 35% max
Quantity: min 50,000 tonnes
Location: cif China
Unit: USD per tonne
Payment terms: LC, cash, or other payment terms normalized
Publication: Weekly. Friday 2-3pm London time

This price will be part of the Fastmarkets base metals price 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 Dylan Duan by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Dylan Duan, re: Laterite ore with 1.3% Ni content, 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.

What to read next
The publication of the affected prices was delayed for 50 minutes. The following indices were published late: MB-MNO-0001 Manganese ore high grade index, cif Tianjin, $ per dmtu MB-MNO-0002 Manganese ore semi carbonate index, 36.5% Mn, fob Port Elizabeth, $/dmtu MB-MNO-0003 Manganese ore semi carbonate index, 36.5% Mn, cif Tianjin, $/dmtu These prices are a part of the […]
Fastmarkets proposes to amend the specifications of its weekly price assessment for MB-STE-0037 steel rebar domestic exw Italy to better reflect the material traded in the market.
LME copper prices took a significant hit following US President Donald Trump's announcement of a potential 50% tariff on copper imports. The uncertainty surrounding the timeline and implementation of the tariff has left market participants hesitant, with analysts noting its immediate impact on price momentum and trading activity.
The purpose of this review is to ensure that the index continues to accurately reflect prevailing market conditions. We welcome feedback from industry participants on potential amendments to the base specification. This consultation, which is open until August 9, 2025 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in […]
Fastmarkets has launched MB-AL-0424 Aluminium P1020A premium, fob Indonesia, $/tonne on July 9 due to an expected increase in Indonesia-origin aluminium exports. MB-AL-0424 Aluminium P1020A premium, fob Indonesia, $/tonneQuality: P1020A or 99.7 % Minimum Al purity (Si 0.10% max, Fe 0.20% max) in line with LME specifications. Ingot, T-bar, sowQuantity: Min 500 tonnesLocation: FOB IndonesiaTiming: […]
Information came to light that mill buying offers had been adjusted for July following Fastmarkets’ settlement of these prices on that date, leading to an incorrect published assessment for the following grades: MB-STE-0789 Steel scrap No1 heavy melting, consumer buying price, fob Montreal, Canadian $/net ton was previously published at C$245 ($179.41) per net ton, a C$10 […]