US cut cathode premium moves up again
European traders deterred by LME nickel contango
China’s trade mostly domestic, partly to avail of recent tax cuts
US cathodes edge up, briquettes firm, on solid demand
The premium for cut cathodes moved up on the bottom end for the second week in a row, again rising by 2 cents per lb, on strengthening demand and continued cathode-cutting delays. Briquettes, which last week had also risen on the low end, this week stayed put.
Fastmarkets’ assessment of the US nickel 4x4 cut cathode premium, delivered consumer works, was 39-45 cents per lb on Tuesday March 26, up from 37-45 cents per lb on March 19.
Fastmarkets assessed the US nickel briquette premium, delivered consumer works, at 25-28 cents per lb on Tuesday, unchanged week on week.
One distributor said he could not supply cut cathodes now if asked because there are...