Proposal to discontinue MHP outright prices

The MHP market has shifted toward payables as the dominant pricing method. As a result, liquidity on an outright basis has dwindled and these price assessments no longer reflect the current market conditions.

Fastmarkets proposes to discontinue:

MB-NIO-0003 nickel mixed hydroxide precipitate outright price, cif China, Japan and South Korea, $ per tonne
Quality: 30-45% nickel min/max, 1-6% cobalt min/max, 4% Zn max, 4% Cu max, 9% Mn max, 5% Mg max, 5% S max, 0.5% Fe max, moisture content 35-40%
Quantity: min 100 tonnes
Location: CIF major ports China, Japan and South Korea (other ports normalized)
Timing: 45 days
Unit: USD per tonne, inferred basis the payable range or expressed by participants
Publication: Weekly, Friday 3-4pm London time

MB-NIO-0005 Nickel mixed hydroxide precipitate, outright price, FOB Indonesia, $/tonne
Quality: 30-45% nickel min/max, 1-6% cobalt min/max, 4% Zn max, 4% Cu max, 9% Mn max, 5% Mg max, 5% S max, 0.5% Fe max, moisture content 35-40%
Quantity: Min 100 tonnes
Location: FOB main ports Indonesia
Timing: 45 days
Unit: USD per tonne, inferred basis of the CIF CJK MHP price or expressed by participants
Publication: Daily, 4pm London time

These prices are a part of the Fastmarkets base metals package.

MB-CO-0025 Cobalt mixed hydroxide precipitate, outright price, cif China, Japan, and South Korea, $/tonne
Quality: 30-45% nickel min/max, 1-6% cobalt min/max, 4% Zn max, 4% Cu max, 9% Mn max, 5% Mg max, 5% S max, 0.5% Fe max, moisture content 35-40%
Quantity: Min 100 tonnes
Location: CIF major ports China, Japan and South Korea (other ports normalized)
Timing: 45 days
Unit: USD per tonne, inferred basis of the payable range or expressed by participants
Publication: Daily, 4pm London time
Notes: In the absence of data, Fastmarkets will calculate this price based upon the payable level to the cobalt metal standard grade, in-whs Rotterdam price of that day

This price is a part of the Fastmarkets minor metals package.

The consultation period for these prices discontinuation starts on Friday June 20 and will end on Friday July 18 with changes taking place, subject to market feedback, from July 23.

All short-term forecasts associated with these prices produced by the Fastmarkets research team, if any, will also be discontinued.

To provide feedback on the proposal to discontinue these MHP outright prices or if you would like to provide price information by becoming a data submitter to the MHP prices, please contact Dylan Duan and Sybil Pan by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Dylan Duan and Sybil Pan, re: MHP outright prices”.

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

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