Nickel premiums in Shanghai fell to their lowest since July 2017 on a bigger negative arbitrage and concerns over potential sanctions on Nornickel, with US premiums stable on strong demand and Europe premiums unchanged while traders watch for potential sanctions.
Chinese nickel premiums fall to nine-month low on concerns of potential sanctions Nickel premiums stable, with participants watching for potential sanctions US nickel premiums firm amid strong demand that's expected to last Chinese nickel premiums fall to nine-month low on concerns of potential sanctions Premiums in Shanghai fell to a nine-month low this week due to a widened import arbitrage loss and market fears that Russian nickel producer Nornickel may be next to be affected by US sanctions, following the sanctions against Rusal. Metal Bulletin's cif Shanghai full-plate nickel premium was at $140-170 per tonne on Tuesday April 17, down from $160-180 per tonne the week prior. While the Shanghai-bonded warehouse nickel premium was at $150-180 per tonne, down from $180-200 per tonne the previous...