GLOBAL NICKEL WRAP: China premiums slide on thin trading; EU briquettes see renewed interest

Nickel premiums in China dipped on Tuesday September 4 as the closed arbitrage window has thinned buying interest, while European briquette premiums widened on renewed market interest following the end of summer holidays.

China premiums dip on thin purchasing activity, closed arbitrage window Europe briquette premiums widen as interest returns to market US premiums stable in sluggish market Closed import window pressures China premiums down Metal Bulletin assessed the cif Shanghai full-plate nickel premium at $180-190 per tonne on Tuesday September 4, down from $180-210 per tonne the previous week, with deals reported in the new range. Meanwhile, Shanghai-bonded nickel premiums were assessed at $180-190 per tonne on September 4, also down from $180-200 per tonne the previous week. Nickel full-plate premiums reversed down this week on Tuesday amid the closed import window, with market participants witnessing thinning buying appetite and loosening offer prices. The import arbitrage between Wuxi and London Metal Exchange was rangebound between a loss of $150 to a profit of $40 per tonne over the week。

Post time: Sep-14-2018