Nickel premiums across all locations remained little changed in the week ending May 1, with national holidays leading to a quiet market.
European premiums steady with lack of demand Thin market due to Labour Day holiday in China US firm for the seventh consecutive weekEuropean premiums stable in quiet market Metal Bulletin's European nickel premiums were stable on Tuesday, with a lack of trading activity due to European May Day holidays. Premiums for uncut cathodes in Rotterdam on an in-warehouse basis remained at an 11-year high of $230-280 per tonne, with offers still heard at the top-end of the range.Cut cathodes premiums also remained steady at $380-420 per tonne in Rotterdam on an in-warehouse basis, but participants did not think that the wait time for queues had shrunk over the last few weeks."We don't have the problem of waiting for metal to be cut - it can be done no problem - but this week has just been quiet," one trader in Europe said. "It is a little...