The Shanghai Futures Exchange (SHFE) recently announced that, in accordance with its relevant regulations on the administration of nonferrous metal deliverable commodities, it has approved the registration of "PTENICO" brand electrolytic nickel (produced via electro-winning process, Ni99.96) manufactured by PT ETERNAL NICKEL INDUSTRY. The registered production capacity of the brand is 50,000 tonnes, with standard price execution.
Effective from the date of the announcement, the above product may be used for physical delivery against SHFE nickel futures contracts. According to the exchange's disclosure, the registered producer is PT ETERNAL NICKEL INDUSTRY, located in Tanjung Woko, Lelilef Sawai Village, Weda Tengah District, Central Halmahera Regency, North Maluku Province, Indonesia. The product dimensions are approximately 910 × 890 × 5 mm, with a single plate weight of about 50 kg and a bundle weight of approximately 1,500 kg. Each delivery unit (6 tonnes) consists of approximately 4 bundles. The packaging uses approximately 0.7 mm × 32 mm galvanized carbon steel straps in a grid pattern, with two wooden pallets placed underneath each bundle to ensure secure strapping. The execution standards comply with the contract requirements.
Written by Cora Ji, jiruyan@mysteel.com
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