Spot Prices of Refined Nickel Rebound on May 30

Published: May 30, 2025 11:25

Save

[Spot price of refined nickel rebounds on May 30] Today, the SMM #1 refined nickel price was 120,900-123,750 yuan/mt, with an average price of 122,325 yuan/mt, an increase of 800 yuan/mt from the previous trading day. The mainstream quotation range for spot premiums of Jinchuan #1 refined nickel was 2,500-2,700 yuan/mt, with an average premium of 2,600 yuan/mt, an increase of 100 yuan/mt from the previous trading day. The quotation range for premiums and discounts of Russian nickel was 100-400 yuan/mt, with an average premium of 250 yuan/mt, unchanged from the previous trading day.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

7 mins ago

[SMM Flash] Middle East Official Sulfur Selling Prices Raised Significantly for May

UAE official sulfur price was $760/mt FOB, up $160/mt MoM; Kuwait official sulfur price was $765/mt FOB, up $195/mt MoM; Qatar official sulfur price was $740/mt FOB, up $170/mt MoM.

7 mins ago

33 mins ago

[SMM Stainless Steel Flash] Indonesian Stainless Mill Suspends Offers

On May 6, 2026, Indonesian stainless steel mill suspended all export quotations in response to surging production costs. According to SMM research, the implementation of Indonesia's new HPM pricing formula has funneled upstream mining premiums directly into the smelting sector. Combined with expected supply tightening due to mine maintenance in May, cost-side support has intensified. Prior to the suspension, 304 CRC FOB export offers had already reached a high of $2,197/mt. Industry analysts view this halt as a strategic move to prepare for a fresh round of price hikes driven by persistent raw material inflation.

33 mins ago

May 4, 2026 17:02

[SMM Analysis] The April turn: how Chinese stainless mills came around to higher NPI prices

Three distinct phases — scrap competition, supply-side cost shocks, and a refined nickel rally — show how pricing power for the world's dominant stainless steel feedstock now sits less in Jakarta than on the LME and SHFE.

May 4, 2026 17:02