Nickel premiums were stable globally on Tuesday October 19, supported by tight inventories.
Strong fundamentals continue to keep US premiums firm.Supply remains supportive of Asia premiums, but there is low liquidity with the arbitrage window closed.Europe premium is flat with liquidity still low post-LME Week.US premiums braced against headwinds, tailwinds
Nickel premiums were unchanged in the United States amid short supply, good demand, costly freight and both upward and downward price influences.
Fastmarkets assessed premiums for
nickel briquette and
4-by-4-inch cut cathode at 45-55 cents per lb on October 5, at the same level for the
first time ever. Premiums have remained there for the past two weeks.
Fastmarkets again assessed the
nickel briquette premium, delivered Midwest US at 45-55 cents per lb on October 19, flat week on week, with business concluded in the range despite higher offers resulting from tight supply.
"Nickel is...