GLOBAL NICKEL WRAP: US, European nickel premiums move higher

By Millicent Dent / February 21, 2018 / www.metalbulletin.com / Article Link

Nickel premiums rose slightly in the United States due to tight supply and steady demand, while premiums for 4x4 product increased in Europe and the market in China was closed for the Chinese New Year holiday celebrations.

Ongoing tightness and humming demand helped boost US premiumsIn Europe, 4x4 premiums rose to reflect increased cutting costsNickel futures step back from last week's highsMarkets in China on holiday Nickel premium ticks up slightly in USUS melting-grade nickel premiums rose to 25-38 cents per lb on Tuesday February 20, up from 25-37 cents per lb previously, due to ongoing tightness in supply and...

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