Europe uncut cathode premium keeps rising
- The in-warehouse Rotterdam cut cathode premium rose at the top end of the range, with firmer demand enlivening spot sales and pushing deals higher week on week
- US briquette premiums ticked up amid tighter domestic supply, which moved transactions in the region up over the same period
- Chinese premiums were rolled over with participants absent for the lunar new year holiday, which has been extended until February 3 because of concerns about the coronavirus outbreak in Wuhan.
The European uncut nickel cathode premium rose at the top end of the range in the week to January 28 with a revival in spot market activity, with firmer demand driving business upward week on week.
Fastmarkets assessed the nickel uncut cathode premium, in-whs Rotterdam, at $60-100 per tonne on Tuesday, widening upward by $10 per tonne from $60-90 per tonne the week before. The range had...