SMM

On August 7, Jinchuan nickel was quoted at a premium of 1,500-1,600 yuan/mt, with an average of 1,550 yuan/mt, a decrease of 50 yuan/mt compared to the previous trading day. Norilsk nickel was quoted at a discount of 100 yuan/mt to a premium of 200 yuan/mt, with an average premium of 50 yuan/mt, remaining unchanged from the previous trading day. In the morning, the market fluctuated, and the spot market premium showed little change compared to the previous working day. Nickel briquette prices were 127,600-127,900 yuan/mt, an increase of 300 yuan/mt compared to the previous trading day. The price spread between nickel briquette and nickel sulphate was about 1,500 yuan/mt (nickel sulphate prices were 1,500 yuan/mt lower than nickel briquette prices).