Launch of nickel pig iron CIF China price assessment

After a consultation period ended on August 12, Fastmarkets has launched this NPI CIF China price to provide greater transparency to the biggest consumer market of the stainless steel raw material, as CIF has grown into one of the mainstream trading methods for the Chinese market.

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

MB-FEN-0008 Nickel pig iron, nickel content 10-14%, cif China, yuan/nickel unit price
Quality: Lump. Ni 10-14%, Fe 80%, P 0.04% max, S 0.4% max, Si 4.5% max, C 4% max
Quantity: Min 500 tonnes
Location: cif main ports China
Timing: spot
Unit: Yuan/nickel unit
Payment terms: LC, Cash, other payment terms normalized
Publication: Weekly. Friday at 3pm London time

This price will be part of the Fastmarkets steel raw materials 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 and Laura Li by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Dylan Duan/Laura Li, re: nickel pig iron, nickel content 10-14%, 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.