- Improved arbitrage cheers Chinese nickel plate market participants.
- US premiums unchanged; briquettes shortage eyed.
- European market steady following Easter break.
Chinese premiums static on muted spot activity; sentiment positive despite arb loss
Nickel premiums in China were unchanged over the past week with persisting arbitrage losses and a shortened working week owing to holidays coming together to stifle spot activity.
But a narrowing in arbitrage losses on the first day after China’s Tomb Sweeping Day holiday (April 5) has raised expectations for the arbitrage window to open.
Fastmarkets’ assessment of the nickel, min 99.8%, full plate premium, cif Shanghai...