Spot Nickel Premiums Grow on Shrinking Supply

May 17, 2023 17:47

Source:SMM

On May 17, premiums of Jinchuan nickel were 10,900-11,500 yuan/mt.

SHANGHAI, May 17 (SMM) - On May 17, premiums of Jinchuan nickel were 10,900-11,500 yuan/mt. The average premium stood at 11,200 yuan/mt, up 50 yuan/mt from the previous trading day. Premiums of NORNICKEL nickel stood at 6,500-7,000 yuan/mt. The average premium was 6,750 yuan/mt, an increase of 250 yuan/mt from the previous trading day. The spot nickel premiums rose on shrinking supply in the market. Nickel briquette prices were 167,700-168,200 yuan/mt, down 3,650 yuan/mt from the previous trading day. The nickel briquette transactions were slack as it was still traded at premiums over nickel sulphate.

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Spot Nickel Premiums Grow on Shrinking Supply

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