SMM

On September 4, Jinchuan nickel was quoted at a premium of 1,100-1,200 yuan/mt, with an average of 1,150 yuan/mt, up 200 yuan/mt from the previous trading day. Norilsk nickel was quoted at a discount of 350 yuan/mt to a premium of 100 yuan/mt, with an average discount of 125 yuan/mt, up 125 yuan/mt from the previous trading day. On the morning of September 4, the futures market fluctuated downward, but the spot premium slightly increased compared to the previous working day. Nickel briquette prices were 123,750-123,850 yuan/mt, down 3,250 yuan/mt from the previous trading day. The price spread between nickel briquette and nickel sulphate was about 4,472 yuan/mt (nickel sulphate prices were 4,472 yuan/mt higher than nickel briquette prices).