Global physical nickel spot markets have been quiet over the past week while participants focus on negotiating long-term supply deals.
Closed arbitrage window keeps Chinese market steady; long-term negotiations to start in November European premiums unchanged while participants start to look at next year's supply contracts US nickel premiums static while participants focus on long-term deals Chinese nickel premiums steady on closed window Nickel premiums in China were steady while the import window remained closed. Deals were reported at unchanged rates.Fastmarkets MB assessed the cif Shanghai full-plate nickel premium at $200-210 per tonne on Tuesday October 23, unchanged from a week ago. The Shanghai-bonded nickel premium was also unchanged at $200-210 per tonne on Tuesday. "The tradable level for Norilsk nickel full-plates has been there for several weeks - you can't get anything cheaper than $200 per tonne," a Shanghai-based trader said. "Business is bleak these days - maybe next month we will see a pick-up in trades when the...