PRICING NOTICE: Amendment of publication day change of NPI, laterite ore, nickel sulfate prices

Fastmarkets has amended its weekly publication day of five price assessments, including two nickel pig iron (NPI) price assessment, two laterite nickel ore price assessment and one nickel sulfate price assessment effective from today on June 14.

Fastmarkets has amended the publication day for the following price assessments after an initial one-month consultation period that concluded it was best to amend the price assessment to try to capture better input to reinforce the quality of the price and better align Fastmarkets’ pricing schedule.

The price assessments’ specifications are listed in full below:

Assessment: Laterite nickel ore 1.8% cif China $/tonne
Quality: Loose mud. 1.8% Ni, 15-20% Fe, Water content 30-35%, Si:Mg ratio <2
Quantity: Min 50,000 tonnes
Location: CIF China
Timing: 2-3 weeks delivery window
Unit: USD per tonne
Payment terms: Letter of credit
Publication: Weekly, Friday 2-3pm London time

Assessment: Laterite nickel ore with 1.5% nickel content cif China US$ per tonne
Quality: Loose mud. 1.5% Ni, 15-20% Fe, Water content 30-35%
Quantity: Min 50,000 tonnes
Location: CIF China
Timing: 2-3 weeks delivery window
Unit: USD per tonne
Payment terms: Letter of credit
Publication: Weekly, Friday 2-3pm London time

Assessment: High-grade NPI Ni content 10-15% CNY/tonne delivered duty paid contract price
Quality: Lump. Ni 10-15%, Fe 80%, P 0.04% max, S 0.03% max, Si 4.5% max, C 4% max
Quantity: Min 1,000 tonnes
Location: DDP China
Timing: Spot
Unit: CNY/tonne
Payment terms: Cash
Publication: Weekly, Friday 2-3pm London time

Assessment: High-grade NPI, Ni content 10-15%, spot delivered duty paid China CNY/ tonne
Quality: Lump. Ni 10-15%, Fe 80%, P 0.04% max, S 0.03% max, Si 4.5% max, C 4% max
Quantity: Min 500 tonnes
Location: DDP China
Timing: Spot
Unit: CNY/tonne
Payment terms: Cash
Publication: Weekly. Friday 2-3pm London time

Assessment: China nickel sulfate, ex-works, CNY/tonne price
Quality: Crystalline. Ni content min 21%, max 22.5%; cobalt 10ppm max
Quantity: Min 1 tonne
Location: Ex-works China
Timing: Spot
Unit: CNY/tonne
Payment terms: Bank acceptance (other payments normalized)
Publication: Weekly. Friday 2-3pm London time

All historical data relating to these prices prior to the amendment will remain available in the pricing section of the Fastmarkets website.

 To provide feedback on this amendment or if you would like to provide price information by becoming a data submitter to this price, please contact Violet Li by email at: violet.li@fastmarkets.com. Please add the subject heading ‘FAO: Violet Li, Re: nickel prices publication date change.’

To see all Fastmarkets pricing methodology and specifications documents go to www.metalbulletin.com/prices/pricing-methodology

Violet Li

violet.li@metalbulletinasia.com

Published

Violet Li

June 14, 2019

10:40 GMT

Shanghai