SMM

SMM May 20th: On May 20th, Jinchuan premium reported 700-1000 yuan/ton, with an average price of 850 yuan/ton, and the average price decreased by 275 yuan/ton compared with the previous trading day, and the Russian nickel premium price was -600 to -300 yuan/ton, with an average price of -450 yuan/ton, and the average price decreased by 100 yuan/ton compared with the previous trading day. This morning, the market was affected by the resonance of macro and fundamentals, and the line fluctuated upward. Difficulties in the spot market. Today's nickel bean price is 152,500-153,300 yuan/ton, an increase of 5,500 yuan/ton from the spot price of the previous trading day, and the price difference between nickel beans and nickel sulfate today is about 9,263.64 yuan/ton. (The price of nickel sulfate is 9263.64/ton lower than the price of nickel beans).