GLOBAL NICKEL WRAP: European premiums hit six-year high; global premiums rise

Nickel premiums rose globally on a positive import arbitrage in China, tight supply in Europe and increased demand in the United States.

  • European uncut cathode premiums rose to a six-year high due to a tight market. 
  • A favorable import arbitrage into China bolstered premiums into Shanghai. 
  • Increased US demand supported premiums in the region.

European uncut cathode premiums hit multi-year high
In Europe, the uncut cathode premium in-warehouse Rotterdam is at its highest level in more than six years at $200-250 per tonne from $190-250 per tonne previously.
Participants said it was difficult to pry material from holders in an already tight market.

“[The market] is tight. It’s genuinely tight. There are very...

Published

Justin Yang

December 06, 2017

11:13 GMT

London