Fastmarkets has identified a necessary clarification to the nickel sulfate specification with regard to delivery time.
The delivery time for Fastmarkets' nickel sulfate ex-works China price assessment is seven days, which was not reflected in the specifications when the price was launched in July 2018.
Fastmarkets confirms that the specifications read as follows, with the clarification in italics:
MB-NI-0244
Nickel sulfate min 21%, max 22.5%; cobalt 10ppm max, exw China, yuan per tonneQuality: Nickel content min 21%, max 22.5%; cobalt 10ppm max
Quantity: Min 1 tonne
Timing: 7 daysUnit: CNY per tonne
Payment terms: Bank acceptance (other payments normalized)
Publication: Weekly, Friday 3-4pm London time.
To provide feedback on this price, or if you would like to provide price information by becoming a data submitter to this price, please contact Yingchi Yang by email at:
pricing@fastmarkets.com. Please add the subject heading "FAO: Yingchi Yang, re: nickel sulfate exw China specification."
To see all Fastmarkets' pricing methodology and specification documents, go to:
https://www.fastmarkets.com/about-us/methodology.