Nickel buying picks up, premiums steady
Aug 29, 2013 | 01:27 PM
| Daniel Fitzgerald
NEW YORK Nickel market participants said that spot trading activity has picked up in recent weeks, but not enough to move premiums up from record lows.
AMMs melting-grade nickel premium is steady in a range of 15 to 25 cents per pound, while plating-grade premiums remain at 50 to 60 cents per pound.
The London Metal Exchanges three-month nickel price closed the official session Aug. 29 at $14,135 per tonne ($6.41 per pound), down 4 percent from $14,730 per tonne ($6.68 per pound) two weeks earlier.....
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