The price previously designated as MB-NIO-0001 will now be referred to simply as “nickel ore with 1.8% nickel content, cif China.” This name change aims to improve clarity and align with other nickel ore prices published by Fastmarkets.
It is important to note that this alteration will not influence historical data or the specifications of the price itself. Those interested can still access the specifications associated with the former name in Fastmarkets’ pricing specifications and methodology documents.
The revised pricing notation will be presented as follows:
Nickel ore with 1.8% nickel content, cif China, $/tonne
Key Specifications include:
– Quality: 1.8% Nickel, 15-20% Iron, 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 Schedule: Weekly, every Friday between 2-3pm London Time
This price is part of Fastmarkets' base metals package.
The consultation period regarding this proposed amendment will begin on Friday, December 27, and conclude on Friday, January 24. If there is feedback or requests for price information, individuals are encouraged to reach out to Dylan Duan and Laura Li by email.
As with all Fastmarkets initiatives, the organization is committed to transparency and values input from all stakeholders. By encouraging industry feedback, Fastmarkets aims to adapt to the evolving needs of its users, presenting an optimistic outlook for collaboration and improvement in the metals market.
In summary, the name change is a strategic initiative to enhance clarity and adapt to the broader market, ultimately benefiting participants in the nickel ore space.