Tight nickel market puts pressure on premiums

Apr 24, 2014 | 03:44 PM | Rey Mashayekhi

Tags  nickel prices, nickel premiums, London Metal Exchange, LME, nickel stocks, briquettes, granules, cathodes Rey Mashayekhi

NEW YORK — The spot market for refined nickel units remains tight in North America as a lack of available flowable material and long-term supply concerns continue to put upward pressure on premiums, market participants told AMM.

AMM’s melting-grade premiums held steady at 28 to 35 cents per pound this week while the premiums for plating-grade material also were flat at 60 to 70 cents per pound, with most recorded business within those ranges. Trader and consumer sources noted upward pressure on premiums, however, with briquette and granule supplies tight and consumer demand strong.....

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