GLOBAL NICKEL WRAP:Thin buying interest keeps premiums flat in all regions

Global nickel premiums were flat in the week to Tuesday June 17, with lackluster demand for physical nickel affecting all regional markets and tempering premiums as a result.

Widening arbitrage loss suppresses China buying interest European sentiment mixed in subdued trading conditions US trade rangebound in oversupplied market European sentiment mixed in uncertain market
Lackluster physical demand failed to stimulate European nickel premiums in the week to Tuesday May 17, with trade broadly rangebound over the period.
But although spot liquidity remains thin on the ground amid market restarts, some market participants are still hopeful about forward demand based on a healthy number of inquiries for both spot and contract business for the fourth quarter of 2020.

"We've actually received some good inquiries, for spot and for the fourth quarter on briquettes and cut cathodes," a European trader told Fastmarkets. "We've achieved a good level...

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