Nickel premiums fall to multiyear lows

May 10, 2012 | 04:40 PM | Thorsten Schier

Tags  nickel premiums, melting grade, plating grade, Thorsten Schier

NEW YORK — Nickel premiums have fallen to multiyear lows as supply continues to outweigh demand.

Premiums for melting-grade material have fallen to between 20 and 25 cents per pound, a range not seen since December 2003, while plating grade is at 50 to 60 cents per pound, the lowest range since August 2009.

"There’s a lot of competition on the business . . . and I don’t see that changing in the future. To me, it’s because business is slow in Europe and suppliers are trying to unload material over here," according to one trader.....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results