GLOBAL NICKEL WRAP: Mixed picture for premiums

Chinese nickel premiums increased in the week to Tuesday February 25, along with one in the United States, but European premiums remained flat, near a perceived bottom, sources told Fastmarkets.

China's nickel premiums rise on falling arbitrage loss between Shanghai and London exchanges The floor lifts slightly for US nickel briquette premiums European nickel premiums stay low, reflecting weak demand and concerns over spread of novel coronavirus (2019-nCoV) China nickel premiums rise as arbitrage loss falls
In China, nickel full-plate cathode premiums rose in the week to Tuesday due to an improved import arbitrage window. 
Fastmarkets' price assessment for the nickel, min 99.8%, full plate premium, cif Shanghai, was $110-150 per tonne on Tuesday, up 30% from $80-120 per tonne 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 up week on week from $80-120 per tonne.

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