Most global nickel premiums were flat, while new Chinese import duties pushed free-trade briquettes to China from Australia to a historic high.
Chinese full plate premiums were flat on thin trading. European market sees no effect from new Chinese import duties after quiet start to 2018. US market quiet as well to start the new year.Briquettes from Australia to China see historic high after new import dutiesFull-plate premiums in China were flat amid very thin trading on Tuesday January 2, the first day of the import tax increase from 1% to 2%, while premiums for briquettes from Australia cif China rose to a historic high.Shanghai nickel premiums remained flat amid very thin trading in Metal Bulletin's assessment.Full-plate nickel premiums on a cif Shanghai basis were flat at $280-300 per tonne on Tuesday, while Shanghai-bonded warehouse premiums were flat at $290-310 per tonne.Several nickel traders based in Shanghai said there was almost...