NICKEL WRAP: Premiums pushed lower by price volatility, LME backwardation

摘要

Nickel premiums fell in Europe and Asia while in the United States the 4x4 rate held steady, reflecting a lack of trade, but the premium on briquette - the more liquid form - fell. - Europe briquettes, full-plate and cut-cathode premiums fall while stocks balloon at LME-listed warehouses - Chinese premiums weaken against backdrop of LME backwardation, lack of arbitrage opportunities - US buyers remain on sidelines while awaiting more stable conditions