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Nickel

Nickel prices

Nickel Cathode

Price description
icon
Price Range
Avg.
Change
Date
SMM #1 Nickel (RMB/mt)
171,800-176,800
174,300
-1,100
May 29, 2023
#1 JinChuan Nickel (RMB/mt)
175,000-176,800
175,900
-1,000
May 29, 2023
#1 JinChuan Nickel premium/discount (RMB/mt)
9,200-10,000
9,600
-450
May 29, 2023
#1 Import Nickel (RMB/mt)
171,800-172,800
172,300
-1,450
May 29, 2023
#1 Import Nickel premium/discount (RMB/mt)
6,000-6,000
6,000
-900
May 29, 2023
Nickel Briquettes (RMB/mt)
167,600-168,600
168,100
-750
May 29, 2023

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NPI Price

Price description
icon
Price Range
Avg.
Change
Date
High-grade NPI Index (RMB/mtu)
1,093.4-1,093.4
1,093.4
+2.4
May 29, 2023
NPI (8-12%) (RMB/mtu)
1,085-1,105
1,095
+2.5
May 29, 2023
NPI (8-12%) Inner Mongolia (RMB/mtu)
1,085-1,095
1,090
+5
May 29, 2023
NPI (8-12%) Jiangsu (RMB/mtu)
1,090-1,105
1,097.5
+2.5
May 29, 2023
NPI (8-12%) Shandong (RMB/mtu)
1,100-1,105
1,102.5
+2.5
May 29, 2023
NPI (8-12%) Liaoning (RMB/mtu)
1,085-1,100
1,092.5
+2.5
May 29, 2023
NPI (1.5-1.7%) (RMB/mt)
4,550-4,750
4,650
0
May 29, 2023
NPI(10-14%) Indonesia (RMB/mtu)
1,085-1,105
1,095
+2.5
May 29, 2023
NPI(Ni≥14%) Indonesia (RMB/mtu)
1,085-1,105
1,095
+2.5
May 29, 2023

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Stainless Steel

Price description
icon
Price Range
Avg.
Change
Date
201/2B Coil (Wuxi) (RMB/mt)
9,400-9,500
9,450
0
May 29, 2023
304/2B Coil - Burr Edge (Wuxi) (RMB/mt)
15,000-15,300
15,150
0
May 29, 2023
304/2B Coil - Deburred Edge (Wuxi) (RMB/mt)
15,500-15,900
15,700
0
May 29, 2023
304/No.1 Coil (Wuxi) (RMB/mt)
14,500-14,700
14,600
+50
May 29, 2023
316L/2B coil (Wuxi) (RMB/mt)
26,200-26,700
26,450
0
May 29, 2023
316L/No.1 coil (Wuxi) (RMB/mt)
25,400-25,900
25,650
0
May 29, 2023
430/2B Coil (Wuxi) (RMB/mt)
7,700-7,900
7,800
0
May 29, 2023
409L/2B Coil (Wuxi) (RMB/mt)
8,450-8,750
8,600
0
May 29, 2023
201/2B Coil (Foshan) (RMB/mt)
9,400-9,600
9,500
0
May 29, 2023
304/2B Coil-EM (Foshan) (RMB/mt)
15,050-15,250
15,150
0
May 29, 2023
304/2B Coil-EC (Foshan) (RMB/mt)
15,450-16,250
15,850
0
May 29, 2023
304/No.1 Coil (Foshan) (RMB/mt)
14,650-14,850
14,750
0
May 29, 2023
316L/2B coil (Foshan) (RMB/mt)
26,400-26,700
26,550
0
May 29, 2023
316L/No.1 coil (Foshan) (RMB/mt)
25,500-25,900
25,700
0
May 29, 2023
430/2B Coil (Foshan) (RMB/mt)
7,600-7,800
7,700
0
May 29, 2023
409L/2B Coil (Foshan) (RMB/mt)
8,700-9,100
8,900
0
May 29, 2023
304/2B Coil (National Average Price) (RMB/mt)
15,040-15,040
15,040
0
May 29, 2023
304/NO.1 Coil (National Average Price) (RMB/mt)
14,690-14,690
14,690
+30
May 29, 2023
316/2B Coil (National Average Price) (RMB/mt)
26,510-26,510
26,510
0
May 29, 2023
201 recharge (Foshan) (RMB/mt)
5,200-6,000
5,600
0
May 29, 2023
304 Scrap Stainless Steel Cut-Off (RMB/mt)
10,450-10,950
10,700
0
May 29, 2023
304 Edge Material (Foshan) (RMB/mt)
11,100-11,300
11,200
0
May 29, 2023
316 recharge (Shanghai) (RMB/mt)
19,600-19,900
19,750
+200
May 29, 2023
316 recharge (Foshan) (RMB/mt)
19,100-19,800
19,450
0
May 29, 2023
430 recharge (Foshan) (RMB/mt)
4,200-4,300
4,250
0
May 29, 2023

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Nickel Compound

Price description
icon
Price Range
Avg.
Change
Date
Nickel Sulfate (Battery Grade) (RMB/mt)
32,700-33,300
33,000
0
May 29, 2023
SMM Nickel Sulfate Index(Battery Grade) (RMB/mt)
33,308-33,308
33,308
-24
May 29, 2023
Nickel Sulfate (Electroplating Grade) (RMB/mt)
39,000-43,500
41,250
0
May 29, 2023
Nickel Chloride (RMB/mt)
42,500-49,000
45,750
0
May 29, 2023
Nickel Oxide (RMB/mt)
150,000-170,000
160,000
0
May 29, 2023

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Nickel Intermediates

Price description
Price Range
Avg.
Change
Date

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Premium and Discount

Price description
Price Range
Avg.
Change
Date
JinChuan B&C (RMB/mt)
14,600-15,800
15,200
-1,375
May 29, 2023
Russian Nickel Premium (RMB/mt)
11,400-11,800
11,600
-1,825
May 29, 2023

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SHFE

Price description
Price
Open
High
Low
Vol.
Change
NI2306 (RMB/mt)
167,190
167,000
170,370
164,010
55,224
-730
NI2307 (RMB/mt)
162,140
163,590
163,700
158,310
212,546
+910
NI2308 (RMB/mt)
157,580
158,000
159,030
154,620
33,374
+1,050
NI2309 (RMB/mt)
155,080
155,590
156,280
152,480
13,094
+1,120
NI2310 (RMB/mt)
153,300
153,920
154,080
150,890
2,076
+1,140
NI2311 (RMB/mt)
151,470
152,190
153,040
149,160
214
+980
NI2312 (RMB/mt)
150,540
151,410
151,770
148,440
317
+810
NI2401 (RMB/mt)
149,330
150,410
150,970
147,660
353
+440
NI2402 (RMB/mt)
148,490
148,760
149,820
147,860
21
-60
NI2403 (RMB/mt)
148,480
148,740
149,250
146,630
12
+350
NI2404 (RMB/mt)
147,970
148,680
148,690
146,000
18
+860
NI2405 (RMB/mt)
147,880
148,030
148,670
145,520
59
+730

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LME

Price description
Price
Open
High
Low
Vol.
Change
LMEselect Nickel 3 Month (USD/mt)
21,035
21,045
21,690
20,950
2,523
-193

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SHFE/LME Ratio

Price description
Price
Open
High
Low
Change
SMM Spot/LME03
7.961
7.943
7.995
7.877
+0.07
SHFE.NI2306/LME03
7.858
7.78
7.928
7.78
+0.02
SHFE.NI2307/LME03
7.636
7.621
7.667
7.554
+0.07
SHFE.NI2308/LME03
7.45
7.361
7.471
7.344
+0.08
SHFE.NI2309/LME03
7.335
7.249
7.365
7.222
+0.1
SHFE.NI2310/LME03
7.244
7.171
7.28
7.139
+0.08
SHFE.NI2311/LME03
7.152
7.094
7.21
7.069
+0.13
SHFE.NI2312/LME03
7.14
7.054
7.168
7.015
+0.1
SHFE.NI2401/LME03
7.082
7.004
7.116
6.972
+0.07
SHFE.NI2402/LME03
7.049
6.974
7.107
6.944
+0.05
SHFE.NI2403/LME03
7.01
6.957
7.06
6.933
+0.06
SHFE.NI2404/LME03
6.974
6.953
7.035
6.927
+0.14
SHFE.NI2405/LME03
6.995
6.912
7.043
6.888
+0.11

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Import Arbitrage

Price description
Price
Open
High
Low
Change
Nickel import arbitrage(Spot) (RMB/mt)
-4,111.61
-4,572.76
-3,354.4
-5,946.77
+1,263.09
Nickel import arbitrage(NI2306) (RMB/mt)
-7,151.35
-8,886.36
-5,630.46
-8,886.36
+330.98
Nickel import arbitrage(NI2307) (RMB/mt)
-11,759.62
-12,220.99
-11,002.28
-13,594.86
+1,262.12
Nickel import arbitrage(NI2308) (RMB/mt)
-15,815.23
-17,952.54
-15,346.66
-18,208.45
+1,632.39
Nickel import arbitrage(NI2309) (RMB/mt)
-18,424.98
-20,500.63
-17,681.87
-20,985.26
+2,094.72
Nickel import arbitrage(NI2310) (RMB/mt)
-20,895.1
-22,655.75
-20,002.05
-23,275.48
+1,624.08
Nickel import arbitrage(NI2311) (RMB/mt)
-23,515.26
-24,983.5
-22,257.7
-25,566.51
+2,813.25
Nickel import arbitrage(NI2312) (RMB/mt)
-23,194.38
-25,222.46
-22,479.3
-26,113.99
+2,167.38
Nickel import arbitrage(NI2401) (RMB/mt)
-25,119.55
-26,977.06
-24,273.08
-27,659.44
+1,466.42

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