Update: mainstream water contents have been changed to 30-33%, as colored below.
SHANGHAI, Jun. 28 (SMM) -- To more objectively reflect laterite nickel ore trading, SMM has decided on following changes in SMM nickel ore prices:
1. Quotations of nickel ore with grades of 1.6-1.7% and 1.7-1.8% have been added;
2. Sampling ports and water contents have been added in quotations. SMM selects major ports as sampling ports and sets mainstream water contents of 30-33%.
3. The price unit has been changed to RMB per wet metric ton from RMB per metric ton.
Above changes will come into effect June 28th.
See any details please check the link to the page: http://en.smm.cn/metals/ni#
Shanghai Metals Market