SMM Nickel Market Morning Comment (Aug 15)

On August 14, Jinchuan nickel was quoted at a premium of 1,300-1,500 yuan/mt, with an average of 1,400 yuan/mt, remaining unchanged from the previous trading day. Norilsk nickel was quoted at a discount of 0-200 yuan/mt, with an average discount of 100 yuan/mt, down 100 yuan compared to the previous trading day. In the morning, the market fluctuated downward, and the spot market premium showed little fluctuation compared to the previous working day. Nickel briquette prices were 126,300-126,600 yuan/mt, an increase of 400 yuan/mt from the previous trading day. The price spread between nickel briquette and nickel sulphate was about 314 yuan/mt (nickel sulphate prices were 314 yuan/mt lower than nickel briquette prices).