On July 16, Jinchuan nickel was at a premium of 1,400-1,500 yuan/mt, with an average of 1,450 yuan/mt, an increase of 50 yuan/mt compared to the previous trading day. Russian nickel was at a discount of 0-100 yuan/mt, with an average of 50 yuan/mt, an increase of 50 yuan/mt compared to the previous trading day. In the morning, as the market ran weak, premiums in the spot market saw a slight increase. Some traders reported relatively dull trading atmosphere in the spot market overall. The price of nickel briquette was 131,900-132,200 yuan/mt, a decrease of 950 yuan/mt compared to the previous trading day. The price spread between nickel briquette and nickel sulphate was about 2,505 yuan/mt (nickel sulphate prices were 2,505 yuan/mt lower than nickel briquette prices).
![[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)

![[SMM Revue quotidienne du sulfate de nickel] Le marché au comptant est atone le 3 septembre, les prix du sulfate de nickel sont stables](https://imgqn.smm.cn/usercenter/Btmsv20251217171733.jpg)
