NORNICKEL Nickel Prices Hover at Highs on Apr 10

SHANGHAI, Apr 10 (SMM) - On April 10, premiums of Jinchuan nickel were 8,500-9,000 yuan/mt. The average premium stood at 8,750 yuan/mt, flat from the previous trading day. NORNICKEL nickel was quoted at premiums of 7,500-8,000 yuan/mt, with an average premium of 7,750 yuan/mt, down 250 yuan/mt from a day ago. The spread between the SHFE front-month and next-month contracts did not narrow today. The prices of NORNICKEL nickel hovered at highs despite the drop in futures prices in the early trading. Nickel briquette prices were 180,700-181,200 yuan/mt, down 400 yuan/mt from the previous trading day. The transactions were slack as it was still traded at premiums over nickel sulphate.