Proposal to discontinue nickel min 99.8% warrant premium, in-whs North Europe

The proposal to discontinue follows preliminary discussions with the market and internal analysis of the price usage, which suggests that separate assessments for briquette and full plate nickel warrants would be more reflective of the market.

The specification of the price Fastmarkets is proposing to discontinue is as follows:

MB-NI-0141 Nickel min 99.8% warrant premium, in-whs North Europe, $ per tonne
Quality: Cathode (full-plate, cut), pellet or briquette. 99.80% min primary nickel conforming to LME specification: ASTM B39-79 (2013) or GB per tonne 6516-2010-Ni9990 grade
Quantity: Min 6 tonnes
Location: Any LME-approved warehouse in North Europe (Belgium, Germany, the Netherlands, Sweden and the UK), premium on top of LME cash prices
Timing: Prompt release
Unit: USD per tonne
Payment terms: Cash, other terms normalized
Publication: Fortnightly. Weds 3-4pm London time.

This price is a part of the Fastmarkets Base Metals package.

All historical data relating to the assessment prior to the discontinuation will remain available for a limited time on our Dashboard platform.

The consultation period for this price discontinuation begins on Friday January 17 and will end on Monday March 3, with the change taking place, subject to market feedback, from Wednesday March 12, with no assessment published on that day or in future.

Any short-term forecasts associated with this price produced by the Fastmarkets research team will also be discontinued.

To provide feedback on this proposal to discontinue this price, or if you would like to provide price information by becoming a data submitter to this price, please contact Natasha Porter by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Natasha Porter re: North Europe nickel warrant premiums.”

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.

Fastmarkets is also proposing to launch two price assessments for nickel warrant premiums for the European market. The notice can be found here.