Chinese nickel full-plate premiums rose to an 18-month high in the week to Tuesday March 9 after an opening of the arbitrage window between London and Shanghai led to a pick-up in spot activity.
Premiums surge in China; nickel sulfate price down slightly European, US spot premiums flat
China nickel premiums reach 18-month high; nickel sulfate narrows downward
Chinese nickel full-plate premiums
reached an 18-month high on Tuesday amid an open arbitrage window between London and Shanghai.
Fastmarkets' assessment of the
nickel, min 99.8%, full plate premium, cif Shanghai was $150-170 per tonne on Tuesday, up by $40-50 per tonne from $100-130 per tonne a week earlier and at its highest since September 2019.
Fastmarkets' assessment of the
nickel, min 99.8%, full plate premium, in-warehouse Shanghai was $190-200 per tonne on Tuesday, up by $70-90 per tonne from $100-130 per tonne a week earlier and also at its highest since September 2019.
This is the first time for the nickel arbitrage window has opened in 2021, market sources told Fastmarkets.
The profit for importing nickel plate to China averaged at $524.33 per...