Elsewhere, the traditional summer slowdown across Europe and the United States kept premiums in both regions flat this week.
China nickel premiums unchanged; NPI, sulfate prices rise
- Lack of import appetite leaves China premiums flat.
- Both US and European premiums unchanged amid summer slowdown.
There was a distinct lack of import appetite for nickel plates in China in the week to Tuesday August 11 amid the firmly-closed arbitrage window between the London Metal Exchange and Shanghai Futures Exchange.
Fastmarkets assessed the nickel, min 99.8%, full plate premium, cif Shanghai
at $100-130 per tonne on Tuesday, unchanged since July 28.
Fastmarkets’ assessment of the nickel, min 99.8%, full plate premium, in-whs Shanghai
was also at $100-130 per tonne, similarly flat since July 28.
“The import arb loss is little changed, and is still above 2,000 yuan ($288) per tonne. So there’s no import interest at all,” a Shanghai-based nickel...