NSS | Nickel Sulphate Singapore Futures Contract

Trade nickel sulphate with a physically-deliverable contract aligned with nickel's use in electric vehicle batteries that reflects real market conditions in Asia, home to the world's largest nickel producing nations. Designed for traders and commercial participants, our Nickel Sulphate Singapore futures offer reliable price discovery, a more precise hedging instrument, and the ability to optimize your supply chain.

Abaxx's Nickel Sulphate Singapore (NSS) futures contract is a US dollar-denominated, 5 tonne nickel-contained, delivered-at-place (DAP) contract, physically deliverable in Singapore.

Contract Specs

Rulebook Chapter|Fees|Contract Summary

Contract Name	Nickel Sulphate Singapore Futures
Contract Symbol	NSS
Rule Chapter	1100
Settlement Method	Physical
Contract Months	12 consecutive months
Pricing Terms	USD/MT nickel contained, in USD 1/MT increments
Contract Unit and Delivery Unit	5 MT nickel contained
Minimum Price Movement	1 USD per MT
Trading Hours	1000 – 2400 SGT
Termination of Trading/Last Trading Day	Two (2) Business Days prior to Delivery Date
Price Limits	Fixed price limits which will be published via circulars
Settlement Price Period	Five minutes ending 1330 London time
Final Settlement Price	Price determined by the Exchange on the Last Trading Day The Final Settlement Price is the basis for delivery
Last Trading Day	Two (2) Business Days prior to Delivery Date
Block Trade Minimum	5 lots
Reportable Level	25 lots
Position Limits (Spot Month)	100 lots
Position Accountability Levels (any/all month)	500 lots
Quality	Nickel Sulphate with chemical specifications as follows: Ni 22.2-22.4% Al less than 10 ppm Ca less than 20 ppm Cd less than 2ppm CI less than 10 ppm Co less than 300ppm Cr less than 5ppm Cu less than 5ppm Fe less than 5ppm Mg less than 15ppm Mn less than 10ppm Na less than 50ppm Pb less than 5ppm Si less than 10ppm Zn less than 5ppm The NiSO4 delivered under this contract shall not be older than 180 days, as evidenced by a Producer Certificate
Approved Brands and Producers	See Approved Brands and Producers
Approved Inspection Companies	See Approved Inspection Companies
Delivery Term	Delivery at Place (DAP)
Discharge Port	Singapore
Title and Risk	Title passes with payment Risk passes according to INCOTERMS 2020
Delivery Tolerance	+/- 2% nickel contained
Product Placement	The Seller shall adequately demonstrate commercial capability and the ability to have a quantity and quality of NiSO4 contracted for delivery prior to the last five (5) Trading Days of the Contract.
Notice Date	Business Day following Last Trading Day
Delivery Dates	Third Wednesday of the month that is a Business Day and is not preceded by a US bank holiday, else it will be the next Business Day that is not preceded by a US bank holiday
Payment Date	Delivery Date
Documentation	Seller to provide Producer Certificate and/or Inspection Certificate upon delivery
Packing	In Approved Producer’s original watertight packing, 500-1,000kg big bags, in containers sealed by an Approved Producer or Approved Inspection Company
Inspection	If the Seller is not the Approved Producer, quantity and quality to be determined by Approved Inspection Company prior to shipment at Producer Premises or Load Port.
Venue of Arbitration	Singapore International Arbitration Centre (SIAC)

NSS | Nickel Sulphate Singapore Futures Contract

Abaxx's Nickel Sulphate Singapore (NSS) futures contract is a US dollar-denominated, 5 tonne nickel-contained, delivered-at-place (DAP) contract, physically deliverable in Singapore.

Contract Specs

Rulebook Chapter|Fees|Contract Summary

Contract Name	Nickel Sulphate Singapore Futures
Contract Symbol	NSS
Rule Chapter	1100
Settlement Method	Physical
Contract Months	12 consecutive months
Pricing Terms	USD/MT nickel contained, in USD 1/MT increments
Contract Unit and Delivery Unit	5 MT nickel contained
Minimum Price Movement	1 USD per MT
Trading Hours	1000 – 2400 SGT
Termination of Trading/Last Trading Day	Two (2) Business Days prior to Delivery Date
Price Limits	Fixed price limits which will be published via circulars
Settlement Price Period	Five minutes ending 1330 London time
Final Settlement Price	Price determined by the Exchange on the Last Trading Day The Final Settlement Price is the basis for delivery
Last Trading Day	Two (2) Business Days prior to Delivery Date
Block Trade Minimum	5 lots
Reportable Level	25 lots
Position Limits (Spot Month)	100 lots
Position Accountability Levels (any/all month)	500 lots
Quality	Nickel Sulphate with chemical specifications as follows: Ni 22.2-22.4% Al less than 10 ppm Ca less than 20 ppm Cd less than 2ppm CI less than 10 ppm Co less than 300ppm Cr less than 5ppm Cu less than 5ppm Fe less than 5ppm Mg less than 15ppm Mn less than 10ppm Na less than 50ppm Pb less than 5ppm Si less than 10ppm Zn less than 5ppm The NiSO4 delivered under this contract shall not be older than 180 days, as evidenced by a Producer Certificate
Approved Brands and Producers	See Approved Brands and Producers
Approved Inspection Companies	See Approved Inspection Companies
Delivery Term	Delivery at Place (DAP)
Discharge Port	Singapore
Title and Risk	Title passes with payment Risk passes according to INCOTERMS 2020
Delivery Tolerance	+/- 2% nickel contained
Product Placement	The Seller shall adequately demonstrate commercial capability and the ability to have a quantity and quality of NiSO4 contracted for delivery prior to the last five (5) Trading Days of the Contract.
Notice Date	Business Day following Last Trading Day
Delivery Dates	Third Wednesday of the month that is a Business Day and is not preceded by a US bank holiday, else it will be the next Business Day that is not preceded by a US bank holiday
Payment Date	Delivery Date
Documentation	Seller to provide Producer Certificate and/or Inspection Certificate upon delivery
Packing	In Approved Producer’s original watertight packing, 500-1,000kg big bags, in containers sealed by an Approved Producer or Approved Inspection Company
Inspection	If the Seller is not the Approved Producer, quantity and quality to be determined by Approved Inspection Company prior to shipment at Producer Premises or Load Port.
Venue of Arbitration	Singapore International Arbitration Centre (SIAC)

Contract Specs

Rulebook Chapter|Fees|Contract Summary

Contract Name	Nickel Sulphate Singapore Futures
Contract Symbol	NSS
Rule Chapter	1100
Settlement Method	Physical
Contract Months	12 consecutive months
Pricing Terms	USD/MT nickel contained, in USD 1/MT increments
Contract Unit and Delivery Unit	5 MT nickel contained
Minimum Price Movement	1 USD per MT
Trading Hours	1000 – 2400 SGT
Termination of Trading/Last Trading Day	Two (2) Business Days prior to Delivery Date
Price Limits	Fixed price limits which will be published via circulars
Settlement Price Period	Five minutes ending 1330 London time
Final Settlement Price	Price determined by the Exchange on the Last Trading Day The Final Settlement Price is the basis for delivery
Last Trading Day	Two (2) Business Days prior to Delivery Date
Block Trade Minimum	5 lots
Reportable Level	25 lots
Position Limits (Spot Month)	100 lots
Position Accountability Levels (any/all month)	500 lots
Quality	Nickel Sulphate with chemical specifications as follows: Ni 22.2-22.4% Al less than 10 ppm Ca less than 20 ppm Cd less than 2ppm CI less than 10 ppm Co less than 300ppm Cr less than 5ppm Cu less than 5ppm Fe less than 5ppm Mg less than 15ppm Mn less than 10ppm Na less than 50ppm Pb less than 5ppm Si less than 10ppm Zn less than 5ppm The NiSO4 delivered under this contract shall not be older than 180 days, as evidenced by a Producer Certificate
Approved Brands and Producers	See Approved Brands and Producers
Approved Inspection Companies	See Approved Inspection Companies
Delivery Term	Delivery at Place (DAP)
Discharge Port	Singapore
Title and Risk	Title passes with payment Risk passes according to INCOTERMS 2020
Delivery Tolerance	+/- 2% nickel contained
Product Placement	The Seller shall adequately demonstrate commercial capability and the ability to have a quantity and quality of NiSO4 contracted for delivery prior to the last five (5) Trading Days of the Contract.
Notice Date	Business Day following Last Trading Day
Delivery Dates	Third Wednesday of the month that is a Business Day and is not preceded by a US bank holiday, else it will be the next Business Day that is not preceded by a US bank holiday
Payment Date	Delivery Date
Documentation	Seller to provide Producer Certificate and/or Inspection Certificate upon delivery
Packing	In Approved Producer’s original watertight packing, 500-1,000kg big bags, in containers sealed by an Approved Producer or Approved Inspection Company
Inspection	If the Seller is not the Approved Producer, quantity and quality to be determined by Approved Inspection Company prior to shipment at Producer Premises or Load Port.
Venue of Arbitration	Singapore International Arbitration Centre (SIAC)