SMM #1 Refined Nickel Price Drops to 125,700 Yuan/mt, Jinchuan Premium Rises

Published: Sep 28, 2026 17:29 (GMT+8)

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On September 28, the average price of SMM #1 refined nickel was 125,700 yuan/mt, down 1,200 yuan/mt from the previous trading day. In terms of spot premiums, the average premium for Jinchuan #1 refined nickel was 3,800 yuan/mt, up 100 yuan/mt from the previous trading day, while domestic mainstream electrodeposited nickel ranged from 0 to 500 yuan/mt.

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