US trade pauses while coronavirus heads further west
- US market stagnates with virus unsettling trading activity
- China premiums flat while the import arbitrage window remains firmly closed
- European market maintains lackluster trajectory while LME volatility and coronavirus fail to further dent an already-subdued market
Nickel premiums were unchanged week on week in the United States, with spot trade reduced while the global economy began to behave erratically amid a worsening novel coronavirus (2019-nCoV) outbreak.
Fastmarkets’ assessment of the nickel briquette premium, delivered Midwest US
remained at 17-20 cents per lb on March 10, unchanged from March 3.
Fastmarkets assessed the premium for nickel 4x4 cathode, delivered Midwest US
at 33-42 cents per lb on Tuesday, remaining within its existing weekly range.
The New York Stock Exchange halted trading on Monday March 9 following the...