GLOBAL NICKEL WRAP: All regional premiums flat on low liquidity

Nickel premiums in China, the United States and Europe held firm in the week to Tuesday March 3, tempered by a lack of liquidity in all regions over the period.

China premiums stabilized while the import arbitrage window remained firmly closedLiquidity dried up in the US - where spot trade had previously been enlivened - keeping premiums unchangedEuropean premiums held at low levels, unperturbed by the spread of novel coronavirus (2019-nCoV), but ongoing weak demand remains uninspiringChina nickel premiums hold steady
In China, nickel full-plate cathode premiums held steady in the week to Tuesday March 3 while the import arbitrage window remains closed.
Fastmarkets' price assessment of the nickel, min 99.8%, full plate premium, cif Shanghai was $110-150 per tonne on Tuesday March 3, unchanged from a week earlier.
Fastmarkets' price assessment for the nickel, min 99.8% full plate premium, in-whs Shanghai was $110-150 per tonne on Tuesday, also flat from last week.

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