Fastmarkets has corrected its daily assessments for the nickel arbitrage, in the base metals arbitrage SHFE versus LME calculation, which were published incorrectly on Tuesday May 26 due to an input error.
The assessment for the
nickel import arbitrage $/tonne was wrongly published as -$188.49 per tonne on May 26 and should have been $194.25 per tonne.
The assessment for the
nickel import arbitrage yuan/tonne was wrongly published as -1,348.2 yuan per tonne on May 26 and should have been -1,389.42 yuan per tonne.
Fastmarkets' price book and database have been updated to reflect these corrections.
For more information, or to provide feedback on this correction notice, or if you would like to contribute to the price discovery process, please contact Karen Ng by email at:
pricing@fastmarkets.com. Please add the subject heading 'FAO: Karen Ng - SHFE versus LME arbitrage nickel.'
To see all Fastmarkets' pricing methodology and specification documents, go to
https://www.metalbulletin.com/prices/pricing-methodology.html