Nickel premiums hampered by oversupply

May 09, 2013 | 03:03 PM |

Tags  nickel premiums, melting-grade nickel, plating-grade nickel, nickel demand, nickel, nickel prices, London Metal Exchange, LME Daniel Fitzgerald

NEW YORK — Melting-grade nickel premiums remained at a ten-year low of 15 to 25 cents per pound, with traders continuing to lament a dearth of spot transactions amid domestic oversupply.
Market participants told AMM that the spot market was “spotty” and “quiet,” with one trader citing the presence of more than 1,000 tonnes of nickel in Chicago’s London Metal Exchange-listed warehouses as....

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