【SMM Nickel News】

Published: Feb 2, 2026 13:43

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On February 2, the SMM #1 refined nickel price was 135,000–145,400 yuan/mt, with an average price of 140,200 yuan/mt, down 5,950 yuan/mt from the previous trading day. The mainstream spot premiums/discounts quotation range for Jinchuan #1 refined nickel was 8,500–9,000 yuan/mt, with an average premium of 8,750 yuan/mt, up 1,500 yuan/mt from the previous trading day. The spot premiums/discounts quotation range for mainstream domestic electrodeposited nickel brands was -400–400 yuan/mt.

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