SMM

On August 12, Jinchuan nickel was quoted at a premium of 1,300-1,600 yuan/mt, with an average of 1,450 yuan/mt, down 100 yuan/mt compared to the previous trading day. Norilsk nickel was quoted at a discount of 300 yuan/mt to a premium of 200 yuan/mt, with an average discount of 50 yuan/mt, remaining unchanged from the previous trading day. In the morning, the market fluctuated downward, and the spot premium showed little fluctuation compared to the previous working day. Nickel briquette prices were 126,000-126,200 yuan/mt, a decrease of 2,150 yuan/mt compared to the previous trading day. The price spread between nickel briquette and nickel sulphate was about 150 yuan/mt (nickel sulphate prices were 150 yuan/mt higher than nickel briquette prices).