Nickel premiums hold as stocks rise

Sep 12, 2013 | 05:40 PM | Rey Mashayekhi

Tags  nickel prices, nickel premiums, melting-grade nickel, plating-grade nickel, London Metal Exchange, Rey Mashayekhi

NEW YORK — Nickel spot market trading activity remains stagnant, traders said, although there are reports of sellers pushing material at lower premiums as London Metal Exchange nickel stocks continue to rise.

AMM’s melting-grade nickel premium remains in a range of 15 to 25 cents per pound, and the plating-grade premium at 50 to 60 cents per pound.

The LME’s three-month nickel contract closed at $13,660 per tonne ($6.20 per pound) Sept. 12, down 3.4 percent from $14,135 per tonne ($6.41 per pound) two weeks earlier.....

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