SMM

On September 12, Jinchuan nickel was quoted at a premium of 1,800-2,000 yuan/mt, with an average of 1,900 yuan/mt, down 150 yuan/mt compared to the previous trading day. Norilsk nickel was quoted at a discount of 300 yuan/mt to a premium of 100 yuan/mt, with an average discount of 100 yuan/mt, unchanged from the previous trading day. On the morning of September 12, the futures market had a slight pullback, but spot premiums overall slightly narrowed compared to the previous working day. Nickel briquette prices were 121,900-122,200 yuan/mt, up 2,700 yuan/mt from the previous trading day. The price spread between nickel briquette and nickel sulphate was about 4,927 yuan/mt (nickel sulphate prices were 4,927 yuan/mt higher than nickel briquette prices).