Spot Pure Nickel Premiums Rise Slightly Today amid Supply Tightness

SHANGHAI, May 19 (SMM) - On May 19, premiums of Jinchuan nickel were 11,500-11,800 yuan/mt. The average premium stood at 11,650 yuan/mt, up 450 yuan/mt from the previous trading day. Premiums of NORNICKEL nickel stood at 6,800-7,000 yuan/mt. The average premium was 6,900 yuan/mt, an increase of 500 yuan/mt from the previous trading day. Pure nickel supply tightened today thanks to the improved transactions in the past few days, hence the spot premiums grew. Nickel briquette prices were 166,000-167,000 yuan/mt, down 2,250 yuan/mt from the previous trading day. The nickel briquette transactions were slack as it was still traded at premiums over nickel sulphate.