American Metal Market's assessment of US melting-grade in-warehouse premiums
rose to 25-37 cents per lb on Tuesday January 23, up from 25-35 cents per lb the previous week. But even that figure does not encompass the range of inputs, with some participants reporting sales in the upper to mid-40s.
Due to the gap in the premiums for nickel shapes, Metal Bulletin and American Metal Market are proposing replacing melting- and plating-grade prices
with briquettes and 4x4 cut cathodes.
Premiums for both briquettes and cathodes have risen substantially over the past four months, although cathode premiums are notably higher....