GLOBAL NICKEL WRAP: Premiums in China, US up; Europe outlook bullish


Source: metalbulletin.com metalbulletin.com

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Home GLOBAL NICKEL WRAP: Premiums in China, US up; Europe outlook bullish Premiums for nickel products in China and the United States rose in the week to Tuesday July 20 amid improved arbitrage terms and tight supply. The European premium was unchanged amid stable demand, but the outlook for the market is positive. Improved arbitrage in China stimulates sentiment Spot supply shortage pushes up US premium European market flat, but outlook is bullish Arbitrage opportunities push up Chinese nickel premium China’s import premium for nickel full-plate cathode rose during the pricing session, with support coming mainly from an improved arbitrage...