SMM

On September 3, Jinchuan nickel was quoted at a premium of 900-1,000 yuan/mt, with an average of 950 yuan/mt, an increase of 50 yuan/mt compared to the previous trading day. Norilsk nickel was quoted at a discount of 400-100 yuan/mt, with an average of 250 yuan/mt, an increase of 50 yuan/mt compared to the previous trading day. The futures market ran weak, but the spot market premiums fluctuated slightly compared to the previous working day. The nickel briquette prices were 126,900-127,200 yuan/mt, an increase of 1,250 yuan/mt compared to the previous trading day. The price spread between nickel briquette and nickel sulphate was about 1,222 yuan/mt (nickel sulphate prices were 1,222 yuan/mt higher than nickel briquette prices).