NORNICKEL Nickel Premiums Remain High Today amid Supply Tightness

Published: Apr 19, 2023 11:45

Source: SMM

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On April 19, premiums of Jinchuan nickel were 5,800-6,000 yuan/mt.

SHANGHAI, Apr 19 (SMM) - On April 19, premiums of Jinchuan nickel were 5,800-6,000 yuan/mt. The average premium stood at 5,900 yuan/mt, down 250 yuan/mt from the previous trading day. NORNICKEL nickel was quoted at premiums of 5,800-6,000 yuan/mt, with an average of 5,900 yuan/mt, down 350 yuan/mt from the previous trading day. Spot nickel supply in China remained tight due to the import losses. Premiums of NORNICKEL nickel stood high today, and the prices were flat from those of Jinchuan nickel. Nickel briquette prices were 197,600-198,600 yuan/mt, an increase of 8,050 yuan/mt from the previous trading day. The nickel briquette transactions were slack as it was still traded at premiums over nickel sulphate.

Spot Market

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