Platts changes basis of European nickel uncut cathode premium assessment

In response to changing market dynamics and to capture maximum market liquidity, Platts, part of S&P Global Commodity Insights, has changed the basis of its European nickel uncut cathode assessment to open origin, effective May 6, 2022.

From this date, the weekly in-warehouse Rotterdam assessment of the uncut cathode premium takes into account full-plate uncut nickel cathodes of any origin, widening from only Russian-origin material previously. All other specifications will remain unchanged.

The change affects assessment code MMAYP04. The assessment has been renamed Nickel Uncut Cathode Premium Rotterdam from Nickel Russian Cathode Premium Rotterdam.

The assessment is published in Platts Metals Daily and Platts Metals Daily - LME Close, on page 0415 of Platts Metals Alert and Platts Nonferrous Metals Alert, in the Platts Market Center, Platts Dimensions Pro and in the Platts price database under the code listed above.

Please send any comments or questions to EMEAMetalsTeam@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.