Nickel premiums remained steady in the United States, China and Europe in the week to November 3, although tight supplies and growing production disruptions are keeping prices high in the US.
US nickel premiums hold at historic highsChinese premiums also stable with increased full plate imports into ChinaPremiums unchanged in Europe, with market focusing on contracts for 2022US premiums still at historic highs
Nickel premiums in the United States held
at all-time highs, well supported and quite likely to rise soon, sources said.
Both
US nickel premiums gained 10% in the week to October 26, due to multiple upward influences, including short supply, growing production disruptions globally and good demand. Increasingly costly freight and financing were also adding to the inflationary effects.
Fastmarkets assessed the
nickel briquette premium, delivered Midwest US at 50-60 cents per lb on Tuesday November 2, unchanged from Tuesday October 26.
Fastmarkets assessment for the
nickel 4x4 cathode premium, delivered Midwest US, meanwhile, was also at 50-60 cents per lb, Tuesday, flat week on week.
The two premiums came level on October 5, 2021...