GLOBAL NICKEL WRAP: China premiums fall on closed import window; EU, US flat

摘要

Nickel premiums in China fell due to a widened arbitrage loss in the week to August 20 while European and United States premiums held during the quiet summer period despite a tightening forward curve and London Metal Exchange price volatility. - Chinese premiums decline with traders not prepared to purchase material at a negative arbitrage, which widened to a loss of 6,000 yuan per tonne on Tuesday - European premiums failed to react to a tightening forward curve and LME inventory inflows - Sluggish US spot market held premiums in the region firm despite some reports of business at lower levels for briquettes