SMM

On October 15, Jinchuan nickel was quoted at a premium of 1,200-1,500 yuan/mt, with an average of 1,350 yuan/mt, down 100 yuan/mt compared to the previous trading day. Norilsk nickel was quoted at a discount of 400-200 yuan/mt, with an average of 300 yuan/mt, remaining unchanged from the previous trading day. On the morning of October 15, the futures market fluctuated, and the spot premiums narrowed compared to the previous working day. The nickel briquette prices were 133,550-134,050 yuan/mt, down 275 yuan/mt from the previous trading day. The price spread between nickel briquette and nickel sulphate was approximately 5,595 yuan/mt (nickel sulphate prices were 5,595 yuan/mt lower than nickel briquette prices).