US briquettes slip in scant trade
- US briquette premiums slip while the World Health Organization declared Covid-19 a global pandemic on Wednesday March 10.
- Premiums rise in China, where the novel coronavirus (2019-nCoV) is starting to abate.
- European nickel premiums are flat amid limited business activity of all kinds during the outbreak.
Nickel briquette premiums declined - along with spot business generally - in the United States over an assessment week in which a national state of emergency was declared while the Covid-19 disease spread. President Trump declared a state of emergency on Friday March 13, where several US cities have entered lockdown, limiting all but essential activities.
Fastmarkets’ assessment of the nickel briquette premium, delivered Midwest US
was 16-19 cents per lb on Tuesday March 17, down from 17-20 cents per lb on March 10.
One source sold nickel briquettes at 18 cents per lb early in the assessment week, but...