Spot Nickel Transactions Remain Weak Today

SHANGHAI, May 10 (SMM) - On May 10, premiums of Jinchuan nickel were 8,400-8,800 yuan/mt. The average premium stood at 8,600 yuan/mt, up 150 yuan/mt from the previous trading day. NORNICKEL nickel was quoted at premiums of 6,800-7,200 yuan/mt, with an average of 7,000 yuan/mt, down 150 yuan/mt from a day ago. Nickel prices moved with some declines today. The NORNICKEL nickel premiums were on a downward trend since some spots were cleared, but the trading was still sluggish. Nickel briquette prices were 183,700-184,700 yuan/mt, down 4,150 yuan/mt from the previous trading day. The nickel briquette transactions were slack as it was still traded at premiums over nickel sulphate.