SHANGHAI, Feb 21 (SMM) - On February 21, spot premiums of Jinchuan nickel stood at 6,500-6,800 yuan/mt, averaging at 6,650 yuan/mt, down 700 yuan/mt from a day ago. NORNICKEL nickel was quoted at premiums of 4,500-5,000 yuan/mt, with an average of 4,750 yuan/mt, down 400 yuan/mt from the previous trading day.
So far, SHFE nickel warrants still remained low, sending nickel prices fluctuating wildly. SHFE nickel strengthened in the morning session and resulted in poor spot transactions.
In terms of nickel briquette, the prices were 211,400-212,400 yuan/mt, an increase of 6,850 yuan/mt from the previous trading day. The transactions of nickel briquette were slack as it was still traded at premiums over nickel sulphate.
![[SMM Analysis] Faible demande d'achat externe en aval ; les prix des sels de nickel ont baissé cette semaine](https://imgqn.smm.cn/usercenter/KFwsY20251217171734.jpg)
![[SMM revue de midi sur le nickel] Les prix du nickel ont fortement rebondi le 3 septembre. Les données ADP sur l'emploi américain d'août ont été étonnamment faibles, refroidissant légèrement les paris sur une hausse des taux en septembre.](https://imgqn.smm.cn/usercenter/qLeLR20251217171733.jpg)

