The name of the price MB-NIO-0001 will be shortened to nickel ore with 1.8% nickel content, cif China, in a move to enhance its readability and in line with other Fastmarkets nickel ore prices.
The change to the name of the price will not affect historical data and will not change the specifications. Specifications contained in the old name can still be found in Fastmarkets pricing specifications and methodology.
The proposed amendment is as follows in italics:
MB-NIO-0001 Nickel ore with 1.8% nickel content, cif China, $/tonne
https://dashboard.fastmarkets.com/p/MB-NIO-0001
Quality: 1.8% Ni, 15-20% Fe, Water content 30-35%, Si:Mg ratio <2
Quantity: 50,000 tonnes
Location: cif China
Unit: USD per tonne
Payment terms: Letter of Credit
Publication: Weekly. Friday 2-3pm London time
This price is a part of the Fastmarkets base metals package.
The consultation period for the proposal will start on Friday December 27 and end on Friday January 24, with the amendment, subject to feedback, taking effect from Friday January 31.
To provide feedback on this 1.8% nickel ore price or if you would like to provide price information by becoming a data submitter to this price, please contact Dylan Duan and Laura Li by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Dylan Duan and Laura Li re: nickel ore with 1.8% nickel content, 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.
