GLOBAL NICKEL WRAP: Chinese premiums rise 9.5% in bullish return from holidays

Chinese nickel premiums widened upward in the week to Tuesday March 2, with a favorable import arbitrage and increased spot liquidity providing support, while terms in Europe and the United States were broadly flat.

Nickel premiums rise in China, ore prices set another record highEuropean cut cathode premium rises 5%, others flatUS premiums unchanged as participants remain watchful
China's refined metal premiums, raw material prices rise
Nickel premiums in China were boosted in the week to Tuesday, finding support from improved arbitrage conditions and the return of market participants following the country's Lunar New Year holidays (February 11-17).
Fastmarkets assessed the nickel, min 99.8%, full plate premium, cif Shanghai, at $100-130 per tonne on Tuesday, widening upward by $20 per tonne from $100-110 per tonne a week earlier. This marks a 9.5% week-on-week increase basis the midpoint of the range.

Similarly, Fastmarkets assessed the nickel, min 99.8%, full plate premium, in-whs Shanghai, at $100-130 per tonne on Tuesday, also widening upward by $20 per tonne from $100-110 a week earlier. This also marks a 9.5% week-on-week increase basis...

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