Platts EMEA, US nickel premium assessments resume after LME trading restart

Following an announcement from the London Metal Exchange March 16 that it would restart nickel futures trading, S&P Global Commodity Insights has resumed assessing weekly Platts EMEA and US nickel premiums.

The affected EMEA weekly symbols/prices are the LME Cash Nickel price (LMABF00), the Nickel Briquette Premium (AALWJ00), the Nickel Plating Premium Rotterdam (MMAYO04), and the Nickel Russian Cathode Premium Rotterdam (MMAYP04).

The affected US weekly symbols/prices are the LME Cash Nickel price (LMABF00), the Spot US Nickel Cathode Premium (MMAZM04), the Spot US Nickel Melt Premium (MMAZI04), and the Spot US Nickel Plate Premium (MMAZK04).

Due to an absence of reported EMEA pricing indications March 18, S&P Global referred to changes in the equivalent Spot US Nickel Cathode Premium (MMAZM04), alongside the percentage change in the official LME Cash Nickel Prices (LMABF00) March 18 and March 4 (the date of the last EMEA premium assessments prior to the LME suspension) to establish the prices for the following products/symbols:

Nickel Briquette Premium (AALWJ00), the Nickel-Plating Premium Rotterdam (MMAYO04), and the Nickel Russian Cathode Premium Rotterdam (MMAYP04).

Please send all feedback, comments, or questions to EMEAMetals@spglobal.com, USMetals@spglobal.com, and pricegroup@spglobal.com.

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