SMM

Nickel Salt Prices Rebound, Limited Profit Recovery for Salt Plants [SMM Nickel Meeting Notes] On May 23, Jinchuan premiums were quoted at 1000-1200 RMB/ton, with an average of 1100 RMB/ton, up 400 RMB/ton from the previous trading day. Russian nickel premiums were quoted at -600 to -300 RMB/ton, with an average of -450 RMB/ton, unchanged from the previous trading day. This morning, the market fell sharply along with the overall base metals market, and the spot market transactions showed some improvement compared to before, but were still mainly driven by just-in-time purchasing. Today's nickel bean prices were 149,000-149,800 RMB/ton, down 5050 RMB/ton from the previous day's spot prices, and the price difference between nickel beans and nickel sulfate was about 2582 RMB/ton (nickel sulfate prices were 2582 RMB/ton lower than nickel bean prices).