Refined Nickel Spot Prices Decline Amid Sluggish Trading on June 5

Published: Jun 5, 2025 11:41

Save

[Refined nickel spot prices under pressure on June 5] Today, the price of SMM 1# refined nickel was 121,700-124,500 yuan/mt, with an average price of 123,100 yuan/mt, a decrease of 375 yuan/mt from the previous trading day. The mainstream quotation range for spot premiums of Jinchuan #1 refined nickel was 2,300-2,600 yuan/mt, with an average premium of 2,450 yuan/mt, a decrease of 50 yuan/mt from the previous trading day. The quotation range for premiums and discounts of Russian refined nickel was 100-600 yuan/mt, with an average premium of 350 yuan/mt, unchanged from the previous trading day. Recently, trading in the spot market has been relatively sluggish.

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

Mar 27, 2026 23:55

【SMM Analysis】Weekly Review of Indonesian Nickel Market - Mar 27

Mar 27, 2026 23:55

Mar 27, 2026 23:46

[SMM Analysis] Nickel Ore Supply and Demand Watch: Philippine Ore Prices Face Downward Pressure, While Dual Tightening in Indonesian Policies and Approvals Pushes Up Local Ore Prices

Mar 27, 2026 23:46

Mar 27, 2026 18:11

SMM High-Grade NPI Market Sentiment Declines Slightly in March

[SMM Nickel Flash] March 27 News: The SMM high-grade NPI market sentiment factor was 2.2, down 0.01 MoM; the upstream sentiment factor for high-grade NPI was 2.84, down 0.02 MoM; and the downstream sentiment factor for high-grade NPI was 1.56, flat MoM.

Mar 27, 2026 18:11