Nickel premiums in both China and Europe were unchanged on Tuesday May 8 due to the negative arbitrage window in China and muted demand in the aftermath of the May holidays respectively.
Premiums in the United States were also flat, largely due to steady demand. Chinese, European and US nickel premiums steady Thin trading activity reported in China and Europe US premiums firm for the eighth consecutive week China premium flat on thin trades The cif Shanghai full-plate nickel premium and the Shanghai bonded-warehouse premium were both unchanged from the previous week, with trading thin due to the import window remaining closed. Metal Bulletin assessed the cif Shanghai full-plate nickel premium at $140-150 per tonne on Friday, unchanged from the previous assessment. Meanwhile, the Shanghai-bonded warehouse nickel premium was $140-180 per tonne, also unchanged from last week. Refined nickel import losses between the London Metal Exchange and...