Nickel premiums ticked slightly higher in Europe this week, while holding firm in the rest of the world.
European nickel premiums up on better demand US premiums steady; strong demand expected to last the summer months Chinese premium unchanged on low liquidityUncut nickel cathode premium increases in Europe on stronger demandNickel premiums in Europe ticked higher on Tuesday May 22, with some participants reporting an increase in demand."Producers still see good demand in Europe," one trader in Europe said.The premium for uncut nickel cathodes in Rotterdam on an in-warehouse basis moved to a fresh 11-year high of $235-285 per tonne from $230-280 per tonne the week before.Cut cathodes in Rotterdam on an in-warehouse basis followed the uncut premium up to $365-425 per tonne on an in-warehouse basis from $360-420 per tonne the week before.Cutting times also appeared to have...