Melting-grade nickel premiums tumble

Jan 16, 2013 | 02:27 PM | Thorsten Schier

Tags  premium, melting-grade, plating-grade, nickel, Thorsten Schier

NEW YORK — Melting-grade nickel premiums have fallen to a nine-and-a-half-year low as market sources reported little spot demand early in the new year.

"Unfortunately, it seems like the holiday period is continuing rather than ending. It’s one of the quieter Januarys that I can remember in nearly 40 years in this industry," a trader said.

AMM’s melting-grade nickel premiums fell to a range of 18 to 25 cents per pound Jan. 16 from 20 to 28 cents previously, with business for half and full truckloads reported at both ends of the range this week. ....

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