Proposal to amend nickel sulfate cif Japan and Korea assessments
Fastmarkets proposes to amend its MB-NI-0246 nickel sulfate, cif Japan and Korea, $/tonne price and MB-NI-0247 nickel sulfate premium, cif Japan and Korea, $/tonne from a single price to a range.
The post Proposal to amend nickel sulfate cif Japan and Korea assessments appeared first on Fastmarkets.
The move to a range will allow the assessments to reflect the price variations against the backdrop of the Inflation Reduction Act (IRA), as well as the price variations on origins of the raw material, in the international battery-grade nickel sulfate market and provide greater clarity.
The proposed change applies to the following price assessments:
MB-NI-0246 Nickel sulfate, cif Japan and Korea, $/tonne
Quality: Accepted by buyer for use in battery applications with chemical composition: Ni content, base 22.3% max, min 22%, cobalt 50ppm max
Quantity: Min 1 tonne
Location: cif major ports Japan, Korea (other ports normalized)
Timing: Within 60 days
Unit: USD/tonne
Publication: Weekly. Friday, 4pm London time
MB-NI-0247 Nickel sulfate premium, cif Japan, and Korea, $/tonne
Quality: Accepted by buyer for use in battery applications with chemical composition: Ni content, base 22.3% max, min 22%, cobalt 50ppm max
Quantity: Min 1 tonne
Location: cif major ports Japan, and Korea, on top of monthly average LME nickel cash price
Timing: Within 60 days
Unit: USD/tonne
Publication: Weekly. Friday, 4pm London time
These prices are a part of the Fastmarkets base metals package.
The consultation period for this proposed amendment starts from July 22 and will end on August 16. The amendment will then take place, subject to market feedback, on August 19.
To provide feedback or if you would like to provide price information by becoming a data submitter to this price assessment, please contact Sybil Pan by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Sybil Pan, re: Nickel sulfate methodology.”
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.
The post Proposal to amend nickel sulfate cif Japan and Korea assessments appeared first on Fastmarkets.