Spot Pure Nickel Trading Remains Slack amid the High Prices

SHANGHAI, Feb 10 (SMM) - On February 10, premiums of Jinchuan nickel were 6,500-7,000 yuan/mt. The average premium stood at 6,750 /mt, down 50 yuan/mt from the previous trading day. NORNICKEL nickel was quoted at premiums of 5,500-6,000 yuan/mt, with an average premium of 5,750 yuan/mt, down 200 yuan/mt from a day ago. Intraday inquiries and transactions were sluggish owing to the news factors and the high SHFE nickel prices in the early trading. Prices of nickel briquettes were 221,000-221,500 yuan/mt, up 6,750 yuan/mt from the previous trading day. Nickel briquette trading was poor as the prices were still higher than the nickel sulphate prices.