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Home / Metal News / Spot prices of nickel briquette prices firm on import losses

Spot prices of nickel briquette prices firm on import losses

iconMar 26, 2018 15:52
Source:SMM
The price spread between spot nickel briquette and Russian nickel plate stood at just 200 yuan/mt during the week ended March 23, compared with a typical price spread of 600-700 yuan/mt.

SHANGHAI, Mar 26 (SMM) – The price spread between spot nickel briquette and Russian nickel plate stood at just 200 yuan/mt during the week ended March 23, compared with a typical price spread of 600-700 yuan/mt.

This is because traders have held back from selling nickel briquette and offered high given their losses in imports, SMM believed.

The average weekly loss of imported nickel briquette was 2,300 yuan/mt last week, widened from 2,160 yuan/mt the week before, SMM data showed.

Nickel briquette was offered at a discount of 500-600 yuan/mt against the Wuxi Stainless Steel Exchange 1804 contract last week, flat from a week ago as trading was weak. Norilsk nickel saw a discount of 350 yuan/mt.

 

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nickel briquette

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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