GLOBAL NICKEL WRAP: China premium dips; other regional premiums steady

China's premium for imported nickel full-plate moved slightly lower amid minimal spot trading due to a big arbitrage loss while European premiums held flat in thin spot trading and US premiums were little moved after market-caution arose following price volatility on exchanges, sources told Fastmarkets.

China nickel market premium dips after holidayPremiums unchanged in Europe and US amid thin trading and market cautionChina's nickel premium down after Labor Day holiday
The premium paid to import nickel plates into China dipped in a shorter trading week to Tuesday May 11, with an increased arbitrage loss weighing on the premium.
Fastmarkets assessed the nickel, min 99.8%, full plate premium, cif Shanghai at $140-150 per tonne on Tuesday, down by $5 per tonne (3.3%) from $145-155 per tonne before the holiday.
Fastmarkets' assessment of the corresponding nickel, min 99.8%, full plate premium, in-whs Shanghai was at $140-160 per tonne on the same day, also down by $5 per tonne (3.2%) from the pre-holiday level of $145-165 per tonne.

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