Proposal to launch high-grade nickel matte cif China payable indicator: pricing notice

Nickel matte is a raw material used to produce nickel sulfate, along with mixed hydroxide precipitate and nickel briquette, feeding into the battery sector.

With the commission of new class-1 nickel projects in China and Indonesia, nickel matte is also widely used to make nickel full plate cathodes.

We have been seeing a boom in nickel matte capacity in Indonesia since the year prior and demand for the material among Chinese nickel producers is also growing on an annual basis.

The proposed price assessment will allow Fastmarkets to bring more transparency to the mainstream high-grade nickel matte CIF China market.

The proposed specifications for the assessment are as follows:

High-grade nickel matte payable indicator, 65-75% nickel contained, cif China, % London Metal Exchange
Quality: nickel matte, Ni 65-75%, Fe 6% max
Quantity: min 100 tonnes
Location: cif main ports China
Unit: % payable basis London Metal Exchange
Publication: Last Friday of each month, 7pm China time

This price will be part of the Fastmarkets base metals package.

The consultation period for this proposed launch starts from February 26 and will end on March 26. The launch will take place, subject to market feedback on Friday March 28.

To provide on this proposal or if you would like to provide price information by becoming a data submitter to this price, please contact Dylan Duan by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Dylan Duan, nickel matte, 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.