Chinese nickel premiums have strengthened amid more active trading, with premiums for 4x4 cut cathode remaining on an uptrend in Europe while stocks continued to tighten.
China premiums rise on uptick in trading activityEuropean 4x4 premiums move higher in tight marketUS premiums maintain course. Open import window raises China premiumsIn China, nickel premiums have risen over the past week with trading activity picking up because of a reopened import window.Metal Bulletin assessed the cif Shanghai full-plate nickel premium at $200-210 per tonne on Tuesday September 11, up from $180-190 per tonne in the previous week, with deals reported in the new range.The Shanghai-bonded nickel premium was also assessed at $200-210 per tonne on September 11, also up from $180-190 per tonne the previous week.The import arbitrage between the Wuxi Stainless Steel Exchange and the London Metal Exchange was rangebound at $9-120 per tonne over the week, according to...