The specifications of the new price assessments will be as follows:
Nickel min 99.8% briquette warrant premium, in-whs North Europe, $ per tonne
Quality: 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.
Nickel min 99.8% full plate warrant premium, in-whs North Europe, $ per tonne
Quality: Full-plate cathode. 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.
The consultation period for this proposed launch starts on Friday January 17 and will end on Monday March 3. The launch will take place, subject to market feedback, on Wednesday March 12.
To provide feedback on these prices, or if you would like to provide price information by becoming a data submitter to these prices, 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.
