PRICING NOTICE: Correction to European nickel briquette premium, in-whs Rotterdam

Fastmarkets has corrected its weekly assessment for the nickel briquette premium, in-whs Rotterdam, which was published incorrectly on Tuesday May 19 due to an input error.

The assessment for the nickel briquette premium, in-whs Rotterdam, was wrongly published as $20-50 per tonne on May 19. It should have been $20-60 per tonne.

Fastmarkets’ price book and database have been updated to reflect this correction

For more information or to provide feedback on this correction notice or if you would like to contribute to the price discovery process, please contact Amy Hinton by email at: pricing@fastmarkets.com. Please add the subject heading ‘FAO: Amy Hinton – European nickel premium assessment.’

To see all Fastmarkets’ pricing methodology and specification documents go to https://www.metalbulletin.com/prices/pricing-methodology.html

What to read next
This strategic launch is designed to better delineate the relationship between these two competing steelmaking materials. The differentials offer the market a single reference price denoting the spread between Turkey import billet and No1 and No2 heavy melting scrap (80:20) and between Turkey import billet and shredded scrap exported from the US East Coast respectively. […]
The publication of Fastmarkets’ assessments for nickel 4x4 cathode, nickel briquette and nickel uncut cathode premiums in-whs Rotterdam was delayed on Tuesday July 16 because of a reporter error.
Fastmarkets has corrected its alumina index inferred prices, which were published incorrectly on Tuesday July 15.
After an initial one-and-a-half-month consultation, followed by a further three-month consultation period on the proposed inclusion of a powder brand, and following market feedback and data analysis, Fastmarkets has determined that current market circumstances do not make the proposed amendment to the cobalt standard grade, in-whs Rotterdam, daily price assessment viable. This decision is not a judgement on the […]
Fastmarkets launched two new price assessments for Indonesia’s domestic trade in nickel ore on Tuesday July 15. The two price assessments are for domestic trades of Indonesian laterite ores with 1.6% and 1.2% nickel content. Indonesia now accounts for 60% of the global nickel supplies and while there is an official government reference price, known […]
Nickel pig iron (NPI) is a key feedstock material used for stainless steel production, and the CIF has grown to become one of the mainstream trading methods for the Chinese market. The proposed price assessment will allow Fastmarkets to bring more transparency to the Chinese NPI market. Fastmarkets has been tracking spot and DDP China […]