A negative arbitrage between the London Metal Exchange and Shanghai Futures Exchange resulted in lower premiums for all nickel grades in China in the week to Tuesday July 7, while other regional premiums remained unchanged.
China trading interest wanes amid long-lasting negative LME/SHFE arbitrage, prompting lower premiumsEuropean spot buying remains lackluster with scant deals reported in already-low rangesUS Independence Day holiday keeps participants out of the market and premiums subsequently flatChina premium dips amid poor arbitrageNickel futures prices on the SHFE staged strong performance in recent days, with SHFE July...