Spot Market of Pure Nickel Remains Sluggish

SHANGHAI, Mar 22 (SMM) - On March 21, premiums of Jinchuan nickel were 7,500-7,800 yuan/mt. The average premium stood at 7,650 yuan/mt, down 100 yuan/mt from the previous trading day. Premiums of NORNICKEL nickel stood at 2,800-2,900 yuan/mt. The average premium was 2,850 yuan/mt, an increase of 150 yuan/mt from the previous trading day. Spot nickel trading remained sluggish on the slight rise in premiums. In terms of nickel briquette, the prices were 175,000-175,700 yuan/mt, an increase of 1,500 yuan/mt from the previous trading day. The transactions of nickel briquette were slack as it was still traded at premiums over nickel sulphate.