SMM #1 Refined Nickel Price Up by 2,000 Yuan/mt on August 4

Published: Aug 4, 2026 11:09

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On August 4, the SMM #1 refined nickel average price was 133,400 yuan/mt, up 2,000 yuan/mt from the previous trading day. In spot premiums, Jinchuan #1 refined nickel averaged 1,150 yuan/mt, unchanged from the previous trading day, while the premium range for mainstream domestic electrodeposited nickel was -300 to 400 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.

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