The lower end of the premiums for European briquette and uncut cathodes rose following a pick-up in stainless steel demand
Briquette inquiries increased in the US but premiums are yet to react
China’s closed import window kept premiums stable
European uncut cathode and briquette premiums increase; 4x4 flat for 15th week
Market participants reported increased demand for uncut cathodes and briquettes this week, supporting an uptick in the European premiums for these materials.
Fastmarkets assessed the premium for uncut nickel cathode, on an in-warehouse Rotterdam basis, at $190-220 per tonne on Tuesday, up $10 on the low end from $180-220 per tonne the week before.
The European nickel briquette premium was at $250-280 per tonne on Tuesday.
The briquette premium has followed a more volatile trajectory in recent weeks. It had remained static at $240-280 per tonne between February 5 and 26, briefly dipping to $240-270 per tonne...