Platts launches battery-grade nickel sulfate DDP China assessment on Sept. 30

S&P Global Platts has launched a weekly battery-grade nickel sulfate DDP China assessment effective Sept. 30, 2020.

Battery-grade nickel sulfate is often referred to by market participants as type 2 nickel sulfate.

This new Platts assessment has the following specifications and terms:

QUALITY: Nickel content: min 22% Magnetic materials: max 100 ppb

INCOTERM: DDP China

UNIT: mt

CURRENCY: Yuan

VOLUME: minimum one truckload

DELIVERY TIMING: delivery within 14 days

PAYMENT TERMS: 30 days payment, bank acceptance or T/T, paid after delivery

TIMESTAMP: Wednesday, 16:30 Singapore time

ORIGIN: All origins of type 2 nickel sulfate meeting these specifications would be taken into consideration, other grades of type 2 nickel sulfate may be normalized back to Platts base standards. In order to assess nickel sulfate, Platts will collect a wide variety of transactional and market information through a survey of industry participants, which typically includes, but is not limited to, communicating with sources via phone, email and instant messaging.

The new assessments are published on Platts Nonferrous Metals Alert fixed page MTL8887 and MTL8895, in Platts Metals Daily, on the Platts Market Center, and in the Platts price database under the codes listed below.

Please send any comments to battery_metals@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.