Nickel premiums were unchanged in well-supported and stable markets in China, the United States and Europe in the week to Tuesday June 19.
Volumes in China nickel market picks up Premiums hold steady in United States on the back of steady demand European premiums steady in quiet summer market China nickel premiums stable; trading activities tick up Premiums for cif Shanghai full-plate nickel and Shanghai bonded-warehouse nickel are both unchanged from last week while the import arbitrage window remains closed. The Shanghai-bonded warehouse nickel premium was $150-170 per tonne on Tuesday June 19, unchanged from last week, and the cif Shanghai full-plate nickel premium, at $150-160 per tonne, was also steady. The import loss on refined nickel between the London Metal Exchange and the most-traded Wuxi contract narrowed to around $190 per tonne as of Tuesday from around $366 per tonne on June 11, according to traders' calculations. Market participants reported a slight improvement in trading activity...