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Newssummary: Jinchuan Calls on Delivery Permit of Norilsk Nickel on SHFE

iconJun 2, 2015 16:03
Source:SMM
Jinchuan Group called on Shanghai Futures Exchange to allow delivery of Russia’s Norilsk Nickel into the bourse’s warehouses, news from Shanghai Derivative Market Forum held recently.

SHANGHAI, Jun. 2 (SMM) – Jinchuan Group called on Shanghai Futures Exchange to allow delivery of Russia’s Norilsk Nickel into the bourse’s warehouses, news from Shanghai Derivative Market Forum held recently. 

So far, no foreign nickel brands have been allowed to be delivered on the SHFE. The shortage of deliverable brands on the bourse triggered a short squeeze in the market.  

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