GLOBAL NICKEL WRAP: European premiums remain at six-year high; global premiums unchanged

Nickel premiums remained stable around the world this week while the market begins to slow due to the holiday season and quieter domestic trading.

All European premiums are stable at current high levels due to a tight market Shanghai nickel premiums are flat amid fewer offers and inquiries Holiday slowdown sets in across US while premiums unchanged  European premiums remain steady In Europe, the uncut cathode premium in-warehouse Rotterdam was stable this week at its six-year high of $200-250 per tonne. The market remains tight, with little tonnage available ahead of the winter holidays and strong demand from those that require material for the first quarter of 2018. "I was trying to source small material [volumes] and you get ridiculous numbers," one European trader said. Some offers were heard above the range up to $300 per tonne, but no concluded business was achieved at those levels. “People are still offering much higher, there is very little full-plate around and some...

Published

Ellie Wang

Millicent Dent

Justin Yang

Alice Mason

December 13, 2017

12:25 GMT

London