Pure Nickel Spot Suppliers are more Active in Shipping in the Month-end

SHANGHAI, May 23 (SMM) - On May 23, premiums of Jinchuan nickel were 10,500-11,000 yuan/mt. The average premium stood at 10,750 yuan/mt, flat from the previous trading day. NORNICKEL nickel was quoted with premiums of 7,000-7,500 yuan/mt, with an average of 7,250 yuan/mt, flat from a day ago. Nickel prices have fluctuated in recent days on shrinking supply. But the suppliers were more active in shipping their spots near the month-end. Nickel briquette prices were 169,700-170,500 yuan/mt, an increase of 1,350 yuan/mt from the previous trading day. The nickel briquette transactions were slack as it was still traded at premiums over nickel sulphate.