SHANGHAI, Jul. 4 (SMM) – Premiums of imported ferronickel for Q3 terms contracts fell, Shanghai Metals Market learns.
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Premiums for Ni 20-25% imported ferronickel are around $150-200 per tonne, and $0-50 per tonne for Ni 30-35% ferronickel, down by around $200-250 per tonne in Q2, according to SMM data.
The decline in the premiums is mainly because of sluggish stainless steel prices and loss-making at mills when the negotiations over terms contracts were going through from mid June, SMM notes.
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