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Fastmarkets has amended the publication day for the following price assessments after an initial one-month consultation period that concluded it was best to amend the price assessment to try to capture better input to reinforce the quality of the price and better align Fastmarkets’ pricing schedule.
The price assessments’ specifications are listed in full below:
Assessment: Laterite nickel ore 1.8% cif China $/tonne Quality: Loose mud. 1.8% Ni, 15-20% Fe, Water content 30-35%, Si:Mg ratio <2 Quantity: Min 50,000 tonnes Location: CIF China Timing: 2-3 weeks delivery window Unit: USD per tonne Payment terms: Letter of credit Publication: Weekly, Friday 2-3pm London time
Assessment: Laterite nickel ore with 1.5% nickel content cif China US$ per tonne Quality: Loose mud. 1.5% Ni, 15-20% Fe, Water content 30-35% Quantity: Min 50,000 tonnes Location: CIF China Timing: 2-3 weeks delivery window Unit: USD per tonne Payment terms: Letter of credit Publication: Weekly, Friday 2-3pm London time
Assessment: High-grade NPI Ni content 10-15% CNY/tonne delivered duty paid contract price Quality: Lump. Ni 10-15%, Fe 80%, P 0.04% max, S 0.03% max, Si 4.5% max, C 4% max Quantity: Min 1,000 tonnes Location: DDP China Timing: Spot Unit: CNY/tonne Payment terms: Cash Publication: Weekly, Friday 2-3pm London time
Assessment: High-grade NPI, Ni content 10-15%, spot delivered duty paid China CNY/ tonne Quality: Lump. Ni 10-15%, Fe 80%, P 0.04% max, S 0.03% max, Si 4.5% max, C 4% max Quantity: Min 500 tonnes Location: DDP China Timing: Spot Unit: CNY/tonne Payment terms: Cash Publication: Weekly. Friday 2-3pm London time
Assessment: China nickel sulfate, ex-works, CNY/tonne price Quality: Crystalline. Ni content min 21%, max 22.5%; cobalt 10ppm max Quantity: Min 1 tonne Location: Ex-works China Timing: Spot Unit: CNY/tonne Payment terms: Bank acceptance (other payments normalized) Publication: Weekly. Friday 2-3pm London time
All historical data relating to these prices prior to the amendment will remain available in the pricing section of the Fastmarkets website.
To provide feedback on this amendment or if you would like to provide price information by becoming a data submitter to this price, please contact Violet Li by email at: violet.li@fastmarkets.com. Please add the subject heading ‘FAO: Violet Li, Re: nickel prices publication date change.’
To see all Fastmarkets pricing methodology and specifications documents go to www.metalbulletin.com/prices/pricing-methodology