Spot Pure Nickel Premiums Stopped Falling and Stabilised with Improving Market Transactions

SHANGHAI, Sep 29 (SMM) – In the spot market, Jinchuan nickel was in premiums of 6,000-6,500 yuan/mt, with an average of 6,250 yuan/mt, up 1,150 yuan/mt from a day ago. NORNICKEL nickel was in premiums of 1,700-1,900 yuan/mt, with an average of 1,800 yuan/mt, up 50 yuan/mt on a daily basis. SHFE nickel was high today, while spot pure nickel premiums stopped falling and stabilised thanks to improving market transactions recently. Nickel briquette prices stood at 184,500-185,500 yuan/mt, up 2,800 yuan/mt from a day ago. The cost efficiency of briquette was still extremely, resulting in few successful trades.