China’s nickel cif premiums stable amid closed arbitrage window
- Tight supply in China supports nickel premiums despite closed arbitrage window
- US nickel premiums hold steady, shrugging off backwardation
- European premiums flat with stock outflows continuing
Nickel cif premiums in China were steady despite the closed arbitrage window between London and Shanghai in the week to September 14, while tight supply continues, sources said.
Fastmarkets assessed the nickel, min 99.8%, full plate premium, cif Shanghai
at $320-350 per tonne on Tuesday September 14, unchanged from a week earlier and at its highest since June 2019.
Fastmarkets assessed nickel, min 99.8%, full plate premium, in-whs Shanghai
at $330-350 per tonne on Tuesday September 14, flat from the previous week and at its highest since June 2019.
“I sold some seaborne cargoes when the arbitrage window opened for a while last week but it is closed this week, with...