GLOBAL NICKEL WRAP: US briquette premium rises; all other regions stable

The nickel briquette premium in the United States rose for the second consecutive week amid enlivened spot activity in the week to Tuesday November 19, while premiums for all other grades in China and Europe remained unchanged on slack demand.

  • 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
Another uptick for US briquettes
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...


Violet Li

Orla O'Sullivan

Amy Hinton

November 20, 2019

16:53 GMT

London, New York, Shanghai