SMM

On September 5, Jinchuan nickel was quoted at a premium of 1,300-1,400 yuan/mt, with an average of 1,350 yuan/mt, up 200 yuan/mt compared to 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, remaining flat compared to the previous trading day. On the morning of September 5, the futures market fluctuated downward, but spot premiums slightly increased compared to the previous working day, with a good trading atmosphere in the spot market and active downstream purchasing. The nickel briquette prices were 122,850-123,100 yuan/mt, down 825 yuan/mt compared to the previous trading day. The price spread between nickel briquette and nickel sulphate was about 5,297 yuan/mt (nickel sulphate prices were 5,297 yuan/mt higher than nickel briquette prices).