Proposal to increase the frequency of Fastmarkets’ high grade ferro-nickel, 26-32% Ni contained cif China price assessment

Fastmarkets proposes to assess and publish its China CIF ferro-nickel premium/discount, 26-32% Ni contained, on a fortnightly basis, every other Monday, rather than only on the last Monday of each month.

Fastmarkets began to track the high grade ferro-nickel price in 2016 and a more-frequent price assessment will allow Fastmarkets to better reflect the dynamics of China’s ferro-nickel import market in a more timely manner, particularly with the ferro-nickel price so closely linked to the volatile LME nickel price.

The proposed new specifications for the price are as follows, with the amendment in italics:

MB-FEN-0003 Ferro-nickel premium/discount, 26-32% Ni contained, cif China, $/tonne
Quality: Ni typical 30% (range 26%-32%), P 0.0045% max, S 0.060% max
Quantity: Min 100 nickel metal tonnes per lot 
Location: CIF China 
Unit: USD/tonne
Payment terms: Cash, other payment terms normalized 
Publication:Fortnightly. Monday 4pm London time
Notes: Ferro-nickel price = (LME Ni price + premium/ discount) x nickel content

This price is part of the Fastmarkets ores and alloys package.

The consultation period for this proposed amendment starts from Friday October 18 and will end on Monday November 18. The change in frequency will then take place, subject to market feedback, from Monday November 25.

To provide feedback on this price assessment or if you would like to provide price information by becoming a data submitter to this price, please contact Laura Li by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Laura Li, re: Ferro-nickel, 26-32% Ni contained, cif China.”

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.