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Premiums of Russian Nickel Hold Stable
Last week, losses for Russian nickel imports averaged around 1,019 yuan per tonne, up 420 yuan per tonne on a weekly basis. Trading sentiment in the imported market was extremely low over the period. Some traders offered premiums of Russian nickel at $230 per tonne, but no deals were reported.
Premiums of Russian nickel were up $5 per tonne on a weekly basis due to limited supply in bonded area. Premiums for Sumitomo nickel held stable last week.
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