- Improved arbitrage, demand support Shanghai briquette premium
- Reduced supply, higher offers bolster US briquettes
- European sellers look to improving spot market amid price momentum.
Shanghai plate premiums flat; briquette premium up
The Shanghai nickel plate premiums were unchanged in the week to January 26 amid subdued trading sentiment ahead of the Chinese New Year holiday on February 11-17, sources said.
Fastmarkets assessed the
nickel, min 99.8%, full plate premium, cif Shanghai, at $100-110 per tonne on Tuesday, flat from a week earlier.
The corresponding calculation of the
nickel, min 99.8%, full plate premium, in-whs Shanghai, was also $100-110 per tonne on the same day, and similarly unchanged on a weekly basis.
With the approach of Chinese New Year holiday in mid-February, spot market activity has begun to slow down, Fastmarkets learned.
“Spot trading is quiet, and suppliers are keeping offers largely stable at around $150 per tonne. [They...
