Nickel premiums rise on tight supply
Jan 30, 2014 | 01:19 PM
NEW YORK Melting-grade nickel spot premiums rose Jan. 29, the first movement since last March, with tightness in refined nickel availability catching up to the North American spot market, according to industry participants.
AMMs melting-grade premium moved to a range of 20 to 25 cents per pound Jan. 29, up on the low end from 15 to 25 cents previously, while plating-grade premiums held steady at 60 to 70 cents per pound.
Traders and producers cited tightness in material available for purchase on the spot market, with dismal weather conditions over the past month mentioned as one cause for logistical issues tying up material.....
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.