Nickel premiums in China, the United States and Europe remained unchanged over the week amid limited activity, an unstable import window in Shanghai and participants' absence from the market.
An open but unstable import window kept premiums in Shanghai flat Subdued activity in the US nickel market maintains premiums European nickel market quiet with long-term in focusShanghai nickel premiums unchangedThe nickel full-plate premium in China was unchanged for the third week amid an open import window and deals being reported in the previous price range.Fastmarkets assessed the cif Shanghai full-plate nickel premium at $200-220 per tonne on November 13, flat from the previous week.The Shanghai-bonded nickel premium was also unchanged at $200-220 per tonne on Tuesday.The import arbitrage between the London Metal Exchange and Wuxi last week fluctuated between -$58 per tonne and $217 per tonne, capping nickel premiums in the process."The arbitrage window is open nowadays, but the profit wasn't...