[2.11 Nickel Morning Meeting Notes] SMM February 11 News: Spot Premiums/Discounts: The mainstream spot premiums for Jinchuan No. 1 nickel were quoted in the range of 2,000-2,400 yuan/mt, with an average premium of 2,200 yuan/mt, down by 50 yuan compared to the previous trading day. The spot premiums/discounts for Russian nickel were quoted in the range of -200 to 0 yuan/mt, with an average premium of -100 yuan/mt, down by 100 yuan compared to the previous trading day. ...

**[SMM Ferro-Nickel Market Transaction Quick News]** On November 11, SMM reported that according to market sources, a steel mill in East China recently completed a transaction for high-nickel pig iron at a price of RMB 1,020 per nickel point (billed at the ship's hold, inclusive of tax, with nickel content ranging from 10% to 13%). The transaction involved both domestically produced and Indonesian iron, with a trading volume of over 10,000 tonnes and a delivery date set for mid-December.**

[SMM Ferro-nickel Market Transaction Flash] According to SMM on September 19, market sources revealed that a steel mill in East China has completed a transaction of high-nickel pig iron, sourced from Indonesia, at a price of 990-995 yuan per nickel point (tax included, delivered to the factory, Ni≥12%). The transaction volume was tens of thousands of tons, with a delivery date in mid-October.

[SMM Ferro-nickel Market Transaction News] According to SMM on September 19, market sources revealed that a steel mill in East China transacted high-nickel pig iron today, with Indonesian iron fetching a price of RMB 978 per nickel point (tax included at the factory, Ni≤11%). The transaction volume was over 10,000 tons, with a delivery date set for mid-to-late October.

[SMM Price] SMM China's imported ferro-nickel FeNi grade premium quotation on September 13

[SMM Daily Comment: Spot stainless steel prices decline slightly as steel mill purchasing power wanes, putting pressure on ferro-nickel prices in the short term] According to reports on September 10, the average price of SMM 8-12% high-grade ferro-nickel was 990 yuan/nickel point (ex-factory price including tax), down 3 yuan/nickel point from the previous working day...