Another uptick for US briquettes
- United States briquette premiums increase at the top end of the range with sales moving higher week on week
- China full-plate premiums hold firm while appetite wanes on reduced arbitrage opportunity
- Europe premium remain flat on spot illiquidity while bearish attitudes prevail in the region
In the US, the nickel briquette premium rose 1 cent on the high end in the week to Tuesday November 19, with greater spot business reported at this level despite a generally bearish outlook from participants.
Fastmarkets’ assessment of the nickel briquette premium, delivered Midwest US
was 20-24 cents per lb on November 19, up from 20-23 on November 12.
That 1-cent increase on the high end reflected business booked around 24 cents per lb, just as last week’s 1-cent increase on the low end reflected business that surpassed some observers’ estimates that the floor for briquette premiums was in...