Nickel premiums stagnant amid oversupply
Oct 10, 2013 | 04:51 PM
| Rey Mashayekhi
NEW YORK Nickel spot market trading activity has continued to stagnate, traders said, as global oversupply and uncertainty surrounding the future of Chinas nickel pig iron (NPI) industry has hindered worldwide market outlook.
AMMs melting-grade premium remains at a range of 15 to 25 cents per pound, while the plating-grade premium held steady at 50 to 60 cents per pound.
The London Metal Exchanges three-month nickel contract closed at $13,805 per tonne ($6.26 per pound) Oct. 9, up 0.2 percent from $13,775 per tonne ($6.25 per pound) Sept. 25. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.