Open consultation on nickel sulfate ex-works China price assessment – final decision

Fastmarkets invited feedback from the industry on the pricing methodology for its nickel sulfate ex-works China price via an open consultation process between April 22 and May 20, 2022. This consultation was done as part of our published annual methodology review process

This consultation sought to ensure the methodology continues to reflect the physical market, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.

Fastmarkets also invited feedback on a change to the timing from within seven days to within 30 days.

No feedback was received as a result of the consultation and no material changes will be made, but the specification has been updated to a 30-day timing window.

The methodology will now be put through the IOSCO audit process.

The amended price specification is as follows:

MB-NI-0244 Nickel sulfate min 21%, max 22.5%; cobalt 10ppm max, exw China, yuan/tonne
Quality: Nickel content min 21%, max: 22.5%; cobalt 10ppm max
Quantity: Min 1 tonne
Location: ex-works mainland China – excludes Taiwan Region, HK SAR and Macao SAR
Timing: Within 30 days
Unit: CNY/tonne
Payment terms: Bank acceptance (other payments normalized)
Publication: Weekly. Friday 3-4pm London time

You can find the full methodology for Fastmarkets’ nickel sulfate ex-works China price here.

Fastmarkets invites feedback on a continual basis throughout the year. To offer feedback or comment related to this consultation, or if you would like to provide price information by becoming a data submitter to this price, please email pricing@fastmarkets.com and add the subject heading: ‘FAO Juliet Walsh, re nickel sulfate ex-works China methodology.’

To see all Fastmarkets’ pricing methodology and specification documents, please go to https://www.fastmarkets.com/about-us/methodology.

What to read next
Fastmarkets is inviting feedback from the industry on the pricing methodology for its MB-IRO-0004 pig iron import, cfr Gulf of Mexico, US assessment as part of its annual methodology review process.
In the open consultation, Fastmarkets FOEX did not propose any changes and the feedback received was fully supportive to our current methodology. No material changes were made to the current methodology. A newly dated methodology document will be posted soon. For all Fastmarkets FOEX pricing notices and to view our methodology guides please see here.
This consultation, until which is open until June 24, 2023, seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications, and publication frequency. You […]
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.