Platts clarifies the unit of measurement of daily nickel pig iron assessment

Platts, part of S&P Global Commodity Insights, clarifies that its nickel pig iron (NPI) FOB Indonesia assessment (symbol: ANIPA00) reflects the value of every 1% nickel content for NPI with 8%-15% nickel content, normalized to a specification of 10%. The assessment is expressed in $/mtu.

Platts NPI is published on Platts Nonferrous Metals Alert pages MTL/PMA 8888 and 0403, in Platts Metals Daily, and in the Platts price database.

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