Nickel demand loses steam after rally
Jun 19, 2014 | 06:30 PM
| Rey Mashayekhi
NEW YORK Spot market demand for refined nickel units in North America has slowed somewhat in recent weeks, with material availability "no less tight" than it had been over the past several months, according to market participants.
AMMs spot melting-grade nickel premium assessment held at 27 to 35 cents per pound this week and plating-grade premiums remained at 60 to 70 cents per pound as numerous traders reported "a lack of buying interest" in North America for refined units.
While the beginning of June saw activity consistent with the strong demand for spot material in recent months, traders said inquiries from stainless and specialty alloy producers "had slowed down," but they fell short of characterizing the spot market as "weak," noting the continued tightness for some grades of flowable material.....
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