Home / Metal News / Heavy Imports Push up Nickel Premiums Higher

Heavy Imports Push up Nickel Premiums Higher

iconJan 15, 2013 10:29
Source:SMM
It was reported that around 1,000 mt nickel was imported via Shanghai Customs.

SHANGHAI, Jan. 15 (SMM) – It was reported that around 1,000 mt nickel was imported via Shanghai Customs. According to market players, market believed that the imports may be purchases from the State Reserve Bureau, which was in line with previous speculation.

In response, premiums at ports rose to USD 130-150/mt, with offers from overseas suppliers possibly higher. However, mainstream premiums still failed to push up premiums for finance-driven nickel, which was quoted with premiums between USD 50-60/mt.

Previously, transactions were not brisk before purchases from the State Reserve Bureau, and deals were largely driven by financial purpose.

nickel imports
nickel premiums
State Reserve Bureau

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news
    timeJul 26, 2021 11:58
    timeJul 26, 2021 11:39
    timeJul 26, 2021 11:51
    timeJul 26, 2021 11:41
    timeJul 26, 2021 11:27
    timeJul 26, 2021 11:18
    timeJul 26, 2021 09:26
    timeJul 23, 2021 21:48
    timeJul 23, 2021 21:46
    timeJul 23, 2021 21:40

SMM Events & Webinars

All