US briquette premium crept up with deals concluded within new range
European nickel premium kept steady in a scant spot market
Shanghai nickel premiums were flat with market in pre-holiday mood ahead of Chinese New Year
US briquettes continues ticking up
The US nickel briquette premium rose on Tuesday with limited spot business concluded in a tighter range.
Fastmarkets’ assessment of the nickel briquette premium, delivered Midwest US rose to 15-18 cents per lb on January 14 from 13-19 cents per lb in the prior week’s assessment. The premium had ended the year at 13-18 cents per lb on December 31.
The fact that the briquette premium has moved up from the 13-cent floor, where it had languished since December 17 at its lowest level of 2019, may hearten sellers who have predicted for several...