Physical Nickel Market Slow and Quiet

Platts reportedtThe European physical nickel market remained quiet this week with lower prices on the London Metal Exchange failing to encourage buyers back into the market amid talk of lower premiums.

As quoted in the market news:

The trader added that he was achieving premiums in the range of $200/mt for briquettes and $200-250/mt for cathodes plus LME cash. Premiums for full-plate cathodes were said to be around $100/mt plus LME cash.

Nickel traded at a fresh year low of $16,720/mt on LMEselect on Wednesday down from a year high of $22,150/mt in February.

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