GLOBAL NICKEL WRAP: Shanghai premiums up on positive arbitrage; other regional premiums high on tightness

Shanghai nickel premiums rose on positive import arbitrage, but tighter credit and more bills of ladings arriving limited upside on Tuesday November 21, while European and US nickel premiums remain stable on tight supply and robust demand.

Shanghai nickel premiums rebound on positive arbitrage, but more bills of lading supply and tighter credit at year-end make trading volumes thin  Nickel premiums in Europe remain unchanged at multi-year highs  US premiums stay high on tight supply and robust demand  Nickel premiums rebound in Shanghai but upside limited Nickel full plate premiums in Shanghai rebounded this week, both on a cif basis and for bonded warrants, on turning positive import arbitrage between the Wuxi December contract and the LME three-month contract. Upside was limited on tighter credit in end of a year and more supply in coming weeks. Shanghai full-plate premiums rose $10 to $290-300 per tonne cif from $280-290 per tonne...


Ellie Wang

Millicent Dent

Justin Yang

November 22, 2017

10:00 GMT