PRICING NOTICE: Fastmarkets launches nickel sulfate reference prices

Fastmarkets today, Thursday April 1, launches two new reference prices: nickel sulfate, cif China, Japan and Korea, $ per tonne; and nickel sulfate premium, cif China, Japan and Korea, $ per tonne.

The consultation for this price launch began on Monday March 1, 2021, and ended on Wednesday March 31, 2021.

The price specifications are as follows:

MB-NI-0246 Nickel sulfate, cif China, Japan and Korea, $ per tonne
Quality: Accepted by buyer for use in battery applications with chemical composition: Ni content, base 22.3% max, min 22%, cobalt 50ppm max
Quantity: 1 metric tonne
Location: cif main ports China, Japan, Korea (other ports normalized)
Timing: Within 60 days
Unit: US dollars per tonne
Publication: Monthly, first working day of each month, 4pm London time

MB-NI-0247 Nickel sulfate premium, cif China, Japan and Korea, $ per tonne
Quality: Accepted by buyer for use in battery applications with chemical composition: Ni content, base 22.3% max, min 22%, cobalt 50ppm max
Quantity: 1 metric tonne
Location: cif China, Japan and Korea, on top of monthly average LME nickel cash price
Timing: Within 60 days
Unit: US dollars per tonne
Publication: Monthly, first working day of each month, 4pm London time

If you would like to provide price information by becoming a data submitter to these prices, please email Juliet Walsh at pricing@fastmarkets.com. Please add the subject heading ‘FAO: Juliet Walsh, re Nickel sulfate cif CJK $ per tonne, Nickel Sulfate premium cif CJK $ per tonne.’

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

What to read next
Chinese rare earth magnetic materials prices edged up this week after suppliers stood firm behind higher offer prices, market sources told Fastmarkets
China's stainless steel prices saw a notable increase last week, driven by global sanctions affecting nickel, which is a key component
The key discussion topics across the battery raw materials sector ahead of Fastmarkets' Asian Battery Raw Materials conference taking place in Seoul on April 22-23
Metal exchanges will be prohibited from accepting these metals from Russia, said releases from the US and UK governments on Friday April 12
Fastmarkets has launched its MB-NIO-0006 laterite ore with 1.3% Ni content, cif China price assessment on Friday April 12.
Nickel premiums stayed flat around the world amid quiet trading in the week to Tuesday April 9.