Nickel trading still muted as low LME prices fail to attract

Jul 05, 2013 | 04:23 PM | Daniel Fitzgerald

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

NEW YORK — A rise in spot inquiries for nickel due to low prices on the London Metal Exchange failed to convert into more transactions, as the already slow market was rendered even slower by the Independence Day holiday.

Melting-grade nickel premiums were steady in a range of 15 to 25 cents per pound and plating grade premiums held at 50 to 60 cents per pound for truckload business.....

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