GLOBAL NICKEL WRAP: Premiums flat across the board

Global nickel premiums were flat across the board in the week ended Tuesday February 19, with stable demand in the United States allowing premiums to maintain their current levels.

Elsewhere, a closed import window in China and lackluster demand in Europe kept rates in both regions unchanged from the prior week. Stable demand supports US nickel premiums European nickel market remains static amid macroeconomic uncertainty Chinese nickel premium unchanged amid sustained import loss Stable demand keeps US nickel premiums steady In the US spot market, premiums for nickel briquette and cut cathode were unchanged this past week amid steady demand. Some buyers were said to be waiting on the sidelines, hoping for nickel prices to retreat further from the five-month high reached earlier this month. But the relatively few trades reported in the US spot market over the past week were all within Fastmarkets’ published ranges for standard volumes (truckloads). Fastmarkets assessed the premium for nickel briquette, delivered consumer works US, at 24-28 cents per lb on February 19, unchanged from the previous week. Similarly, Fastmarkets’ assessment of the premium for nickel 4x4 cathode,...

Published

Violet Li

Orla O'Sullivan

Amy Hinton

February 20, 2019

06:15 GMT

Shanghai