Nickel premiums worldwide were largely stable during the week ending Tuesday June 5 in thin trading conditions across all regions although Rotterdam uncut cathodes came under pressure, reflecting the approach of the traditional summer slowdown.
Uncut cathodes in Rotterdam fall to $220-265 per tonne Shanghai nickel premiums remain flat on thin trading Demand for US material stable Start of summer slowdown continues to pressure European nickel marketPremiums for uncut cathodes fell for the second consecutive week, with participants saying the start of summer slowdowns have started to weigh.The uncut nickel cathode premium in Rotterdam on an in-warehouse basis fell to $220-265 per tonne on Tuesday June 6 from $230-275 per tonne a week earlier."We are going towards summer - lower demand I would say [is pushing the premium down]. Customers don't need prompt metal," a trader in Europe said.The uncut cathode premium remains close to its highest in 11 years despite the drop. In the near term, some see continued demand from rolling mills...