Premiums in Europe were also unchanged this past week, as were those for briquette in the United States, but US cut cathode premiums fell for the second time this year.
Chinese plate and briquette premiums flat; nickel sulfate sets new high
- Chinese plate, briquette premiums flat; EV optimism bolsters nickel sulfate market
- European premiums unmoved amid minimal spot interest
- US cut cathode premium falls, briquette steady
Nickel premiums in China were unchanged this week due to a lack of spot activity, with many Chinese participants only just returning to the market following the Lunar New Year holidays (February 11-17).
Fastmarkets’ monthly assessment of the nickel min 99.8% briquette premium, cif Shanghai
was $160-200 per tonne on Tuesday, flat from January 26.
“It’s a quiet market but spot supply is very low, so this may support higher levels, but I’ve heard nothing. [February is] a short month, with Chinese market...