[SMM Nickel News]

Published: Feb 25, 2026 11:47

Save

On February 25, the SMM #1 refined nickel price was 140,000–149,900 yuan/mt, with an average price of 144,950 yuan/mt, up 2,450 yuan/mt from the previous trading day. The spot premium quotation range for Jinchuan #1 refined nickel was 8,100–9,000 yuan/mt, with an average premium of 8,550 yuan/mt, down 350 yuan/mt from the previous trading day. The spot premium and discount quotation range for mainstream domestic electrodeposited nickel was -400–600 yuan/mt.

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

2 hours ago

Data: SHFE, DCE market movement (Feb 25)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 25 Feb , 2026

2 hours ago

4 hours ago

[Nickel Pig Iron Daily Review] Smelter Maintenance Fuels Shortage Expectations, High-Grade NPI Quotation Activity Increases

[SMM Daily Review: Smelter Maintenance Sparks Shortage Expectations, High-Grade NPI Quotation Activity Increases] February 25 (SMM) - The average price of SMM 10-12% high-grade NPI was 1,070 yuan/mtu (ex-factory, tax included), up 16.5 yuan/mtu MoM from the previous trading day.

4 hours ago

6 hours ago

PBOC to Conduct 600 Billion Yuan MLF Operation on Feb 25, 2026, Ensuring Ample Liquidity

To maintain ample liquidity in the banking system, on February 25, 2026, the People's Bank of China will conduct a 600 billion yuan MLF operation via fixed quantity, interest rate tender, and multiple-price winning method, with a maturity of one year.

6 hours ago