Metals & Mining Theme, Non-Ferrous

December 09, 2024

Platts aligns mixed hydroxide precipitate CIF North Asia payable assessments to two decimal places

HIGHLIGHTS

MHP daily payables assessments to reflect two decimal places

Change aligns fixed pages, publications with Platts price database

Monthly average calculations to move to two decimal places from whole numbers

Platts, part of S&P Global Commodity Insights, has aligned its daily mixed hydroxide precipitate (MHP) CIF North Asia assessments on a payable basis to be published to two decimal places across its price database, fixed pages and PDF publications, effective Dec. 9.

Platts is additionally increasing the number of decimal places reflected in its monthly average calculations to two, from zero currently, having observed a growing number of daily MHP payables from spot transactions, bids and offers reported with decimal places in recent months. December will be the first month to reflect the change in monthly average values.

The affected assessments and related symbols are as follows:

Assessment Symbol
MHP CIF North Asia, payables basis to LME nickel BATMD00
MHP CIF North Asia, payables basis Platts nickel sulfate DDP China BATMB00
MHP CIF North Asia Payable Basis LME Nickel BATMD03 (Monthly Average)
MHP CIF North Asia, payables basis Platts nickel sulfate DDP China BATMB03 (Monthly Average)

The assessment specifications remain unchanged.

The assessments are published on MTL/PMA8880 and MTL/PMA8888 in Platts Metals Alert and Platts Non-Ferrous Metals Alert, as well as in the Metals Daily and Platts Battery Metals Market Report publications.

Please send any feedback, comments or questions to battery_metals@spglobal.com and pricegroup@spglobal.com.

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