[SMM Nickel News]

Published: Feb 25, 2026 11:47
On February 25, the SMM #1 refined nickel price was 140,000–149,900 yuan/mt, with an average price of 144,950 yuan/mt, up 2,450 yuan/mt from the previous trading day. The spot premium quotation range for Jinchuan #1 refined nickel was 8,100–9,000 yuan/mt, with an average premium of 8,550 yuan/mt, down 350 yuan/mt from the previous trading day. The spot premium and discount quotation range for mainstream domestic electrodeposited nickel was -400–600 yuan/mt.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[SMM Nickel Flash] Suspected Fire at the Lime Storage Area of Huafei Smelter
Common.Time.minsAgo
[SMM Nickel Flash] Suspected Fire at the Lime Storage Area of Huafei Smelter
Read More
[SMM Nickel Flash] Suspected Fire at the Lime Storage Area of Huafei Smelter
[SMM Nickel Flash] Suspected Fire at the Lime Storage Area of Huafei Smelter
[SMM Nickel Flash] Suspected Fire at Huafei Smelter's Lime Storage Facility Jakarta Bloomberg Technology Report — It is suspected that a fire broke out in the lime storage facility of the high-pressure acid leaching (HPAL) hydrometallurgy smelter operated by PT Huafei Nickel Cobalt, located within the Indonesia Weda Bay Industrial Park (IWIP) in Central Halmahera, North Maluku. Multiple videos widely circulated on social media show flames engulfing a building believed to be the lime storage facility. The incident is thought to have occurred on the evening of Wednesday, February 25, 2026. It remains unclear whether there were any casualties.
Common.Time.minsAgo
[SMM Nickel Midday Review] Nickel Prices Slightly Corrected on February 26, China and Germany Issue Joint Statement
Common.Time.minsAgo
[SMM Nickel Midday Review] Nickel Prices Slightly Corrected on February 26, China and Germany Issue Joint Statement
Read More
[SMM Nickel Midday Review] Nickel Prices Slightly Corrected on February 26, China and Germany Issue Joint Statement
[SMM Nickel Midday Review] Nickel Prices Slightly Corrected on February 26, China and Germany Issue Joint Statement
Common.Time.minsAgo
[SMM Nickel Intermediate Product Daily Review] February 26 MHP and High-Grade Nickel Matte Prices Rise
1 hour ago
[SMM Nickel Intermediate Product Daily Review] February 26 MHP and High-Grade Nickel Matte Prices Rise
Read More
[SMM Nickel Intermediate Product Daily Review] February 26 MHP and High-Grade Nickel Matte Prices Rise
[SMM Nickel Intermediate Product Daily Review] February 26 MHP and High-Grade Nickel Matte Prices Rise
As of now, the FOB price of Indonesian MHP nickel is $15,549/mt Ni, and the FOB price of Indonesian MHP cobalt is $49,571/mt Co. The MHP payables against the SMM battery-grade nickel sulphate index were 88-89, and the payable indicator for the MHP cobalt element against SMM refined cobalt (Rotterdam warehouse) was 91. The FOB price of Indonesian high-grade nickel matte was $15,910/mt Ni.
1 hour ago