PRICING NOTICE: Clarification of Fastmarkets’ nickel sulfate specification [CORRECTED]

Fastmarkets has identified a necessary clarification to the nickel sulfate specification with regard to timing of loading.

The timing of loading for Fastmarkets’ nickel sulfate ex-works China price assessment is within seven days, which was not reflected in the specifications when the price assessment was launched in July 2018.

Fastmarkets confirms that the specifications are as follows, with the clarification in italics:

MB-NI-0244 Nickel sulfate min 21%, max 22.5%; cobalt 10ppm max, exw China, yuan per tonne
Quality: Nickel content min 21%, max 22.5%; cobalt 10ppm max
Quantity: Min 1 tonne
Timing: within 7 days
Unit: CNY per tonne
Payment terms: Bank acceptance (other payments normalized)
Publication: Weekly, Friday 3-4pm London time.

For more information, or 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 Yingchi Yang by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Yingchi Yang, re: nickel sulfate exw China specification.”

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

(This pricing notice was published on August 6 under the headline “PRICING NOTICE: Clarification of Fastmarkets’ nickel sulfate specification.” The wording “delivery time” in the first and second paragraphs has been amended to “timing of loading” in order to distinguish it from “timing of cargoes to be delivered to customers.” In addition, in the second paragraph and in the specifications, the timing was misleadingly given as “7 days”; which has now been amended to “within 7 days.”)

What to read next
Any bolstering effect on US ferrous scrap exports from the up-month in February’s domestic trade will be tempered in the immediate aftermath of two earthquakes in Turkey — the country’s largest importing region — on Monday, February 6
Steel trading and production have come to a halt in the eastern Turkish region of Iskenderun following a devastating earthquake that hit the region on Monday February 6 and put mills in the area under force majeure, sources told Fastmarkets on Tuesday
A 120-day closure of four Illinois dams scheduled for 2023 will disrupt barge shipments and have potentially both negative and positive impacts on scrap and finished steel products from Canada to Texas
Market participants are cautiously optimistic about a rebound in iron ore concentrate premiums, with steelmakers around the world set to ramp-up production in line with an anticipated increase in demand for steel products, Fastmarkets understands
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed