Become a customer

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.

April 12, 2024
By Dylan Duan
Nickel Nickel ore Pricing notice

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
Launch of US rebar to heavy melting scrap differential
This strategic launch is intended to offer the market a single reference price denoting the differential between US Midwest rebar and heavy melting-grade scrap, a key component in the production of that grade. Details of the previous launches can be found via this link. The methodology specification for this differential is: MB-STE-0930 Steel reinforcing bar […]
June 12, 2025
 · 
By Amy Hinton
copper production growth strategy
Vale Base Metals aiming to join top-five in copper, nickel production – CEO Shaun Usmar says
Vale Base Metals plans to boost annual copper production to 700,000 tonnes by 2035, aiming to become a top-five global producer of nickel and copper. CEO Shaun Usmar highlights a focus on productivity, cost optimization and sustainable growth. With strong assets in Canada and Brazil, Vale is well-positioned to meet rising global demand.
June 12, 2025
 · 
By James McKeigue
Final decision on open consultation on methodology review for Fastmarkets Random Lengths
Fastmarkets has concluded its annual industry consultation and will add new straight-length assessments for Eastern S-P-F #1&2 2x4 and 2x6 8’-16’ delivered Toronto. Fastmarkets will also assess an adder for Southern Yellow Pine #2 Prime 2x4, 2x6, and 2x8.
June 11, 2025
 · 
By the Fastmarkets team
Decision to discontinue Germany, France rotogravure LWC prices
The last assessments for the LWC and MWC rotogravure grades will be published on July 17. The prices will be discontinued on August 21. The affected prices are: FP-GP-0027 LWC rotogravure reels 60-g, France, €/tonne FP-GP-0026 LWC rotogravure reels 60-g, Germany, €/tonne FP-GP-0083 LWC rotogravure reels 57-g, Germany, €/tonne FP-GP-0082 LWC rotogravure reels 54-g, Germany, €/tonne FP-GP-0086 MWC rotogravure reels […]
June 11, 2025
 · 
By Sharon Levrez
Correction to 2017-2018 Brazil, Mexico containerboard prices
The prices affected are: FP-CTB-0001 Brazil Kraftliner 120-150 g/m2, FOB Mill FP-CTB-0002 Brazil White top liner 130-200 g/m2, FOB Mill FP-CTB-0003 Brazil Fluting 120 g/m2, FOB Mill FP-CTB-0004 Brazil Testliner 120-130 g/m2, FOB Mill FP-CTB-0005 Mexico Recycled Medium, 120-180 g (domestic) FP-CTB-0006 Mexico Recycled Linerboard, 130-180 g (domestic) Brazil Kraftliner 120-150 g/m2, FOB Mill; Brazil […]
June 10, 2025
 · 
By Justin Yang
Launch of Fastmarkets’ steel to scrap, raw materials differentials
This strategic launch is designed to offer the market a single reference price denoting the differential between hot-rolled steel products and the key benchmark scrap and raw materials composite in the production of those grades. The methodology grades for these differentials are as follows: MB-STE-0928 Steel hot-rolled coil index, differential to No1 busheling Chicago, fob mill […]
June 9, 2025
 · 
By Amy Hinton