On August 13, Jinchuan spot premiums were quoted at 1,300-1,500 yuan/mt, with an average premium of 1,400 yuan/mt, down by 50 yuan/mt compared to the previous trading day. Russian nickel spot premiums were quoted at -200 to 200 yuan/mt, with an average premium of 0 yuan/mt, up by 50 yuan/mt compared to the previous trading day. Yesterday morning, the market fluctuated upwards, and spot market premiums showed little overall fluctuation compared to the previous working day. Yesterday, nickel briquette prices were 126,700-127,000 yuan/mt, an increase of 750 yuan/mt compared to the previous trading day's spot prices. The price spread between nickel briquette and nickel sulphate was about 600 yuan/mt (nickel sulphate prices were 600 yuan/mt lower than nickel briquette prices).
![[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)

