Nickel ore price reaches new high, while premiums and other nickel products in China stay flat.
US briquette premium widens slightly
Positive demand rhetoric fails to spur European premiums
Nickel ore price in China keeps strengthening; others stable
Shanghai nickel plate premiums remained unmoved amid the sustained closure of arbitrage window between London and Shanghai, with the premiums static in the week ending Tuesday September 22.
The Chinese nickel ore price maintained its upward momentum in the week to Friday September 18, while prices for nickel pig iron (NPI) and nickel sulfate were stable over the same period.
Tight supplies and bullish sentiment ahead of the rainy season in the Philippines boosted the market, sources said.
Fastmarkets assessed the price of laterite ore with 1.5% Ni content, cif China, at $68-71 per tonne on Friday, up by $5-6 per tonne (8.6%) from $63-65 per tonne a week earlier. This...