Norilsk's Sprogis sees nickel in balance, and premiums steady

摘要

Norilsk Nickel experts premiums for nickel to remain broadly unchanged next year in a market that it forecasts will be balanced, deputy general directorforsales& distribution Viktor Sprogis said. "Norilsk Nickel is not expecting a considerable deficit or [surplus] on the nickel market in 2012. We believe the market will be around the balance," he said in an email. Some market participants have suggested that nickel premiums may be weaker in 2012 on their forecasts of a surplus. The spot premium for cut cathodes edged down to $250-300 pertonne in-warehouse Rotterdam from $300-350 per tonne shortly after Sprogis discussed the market with MB.