Global nickel premiums were flat week on week, with the absence of an open arbitrage in Shanghai and market participants focused on 2021 negotiations rather than the spot market in Europe, sources told Fastmarkets.
A lack of a profitable arb in Shanghai keeps refined nickel premiums unchanged; nickel pig iron (NPI) prices continue dropPremiums in Europe are flat despite an increased interest for material in 2021Chinese NPI price extended declines, while nickel ore steady; nickel plate premiums unmoved"Spot trading is still thin amid weaker buying interest from [stainless...