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
Fastmarkets is clarifying recent changes to its germanium dioxide price assessments and the reintroduction of the assessment of the price for MB-GER-0001 germanium dioxide, in-whs China, $ per kg, following market feedback.
Fastmarkets will reintroduce its MB-GER-0001 Germanium dioxide, in-whs China, price assessment on Friday May 24 after it was discontinued on May 10.
Fastmarkets invited feedback from the industry on the pricing methodology for its MB-STE-0185 steel cold-rolled coil, fob mill US, $/cwt; MB-STE-0186 steel hot-dipped galvanized coil (cold-rolled base), fob mill US, $/cwt; and MB-STE-0172 steel cut-to-length plate carbon grade, fob mill US, $/cwt between April 10 and May 10, 2024. This consultation was done as part of our published annual methodology review process.
Fastmarkets confirms the amendment of five of its steel products assessments and steel billet index originated from the Black Sea.
Fastmarkets is launching a US green steel differential to hot-rolled coil and an accompanying US green steel base price. The launch is targeting growing interest from the auto sector and elsewhere in a low-carbon-emission HRC option. It complements differentials and base prices in Europe and Asia.
For comments and queries, please email hello.foex@fastmarkets.com, indicating “PIX Pellet Nordic Index” in the subject line of the email.