On November 5, Jinchuan nickel was quoted at a premium of 1,700-1,800 yuan/mt, with an average of 1,750 yuan/mt, up 50 yuan/mt compared to the previous trading day. Norilsk nickel was quoted at a discount of 400-0 yuan/mt, with an average of 200 yuan/mt, up 50 yuan/mt compared to the previous trading day. On the morning of November 5, the futures market fluctuated, and the spot market premium saw a slight increase compared to the previous working day. Nickel briquette prices were 123,600-124,000 yuan/mt (out of stock), down 250 yuan/mt compared to the previous trading day. The price spread between nickel briquette and nickel sulphate was about 518.18 yuan/mt (nickel sulphate prices were 518.18 yuan/mt higher than nickel briquette prices).
![[SMM Análisis de mediodía del níquel] Los precios del níquel repuntaron significativamente el 3 de septiembre. Los datos de empleo ADP de EE. UU. de agosto resultaron sorprendentemente débiles, lo que enfrió ligeramente las apuestas sobre una subida de tipos en septiembre.](https://imgqn.smm.cn/usercenter/qLeLR20251217171733.jpg)

![[SMM Análisis diario del sulfato de níquel] El 3 de septiembre, el mercado spot registró escasas operaciones y los precios del sulfato de níquel se mantuvieron estables](https://imgqn.smm.cn/usercenter/Btmsv20251217171733.jpg)
