SMM #1 Refined Nickel Price Drops to 129,800 Yuan/mt on August 25

Published: Aug 25, 2026 11:56
On August 25, the average price of SMM #1 refined nickel was 129,800 yuan/mt, down 1,650 yuan/mt from the previous trading day. Spot premiums: Jinchuan #1 refined nickel averaged 1,550 yuan/mt, flat from the previous trading day, and China mainstream brands of electrodeposited nickel ranged from 0 to 500 yuan/mt.

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On August 25, the average price of SMM #1 refined nickel was 129,800 y - Shanghai Metals Market (SMM)