SHANGHAI, Mar 21 (SMM) - Trades in the spot ferronickel market in February were dominated by goods from Indonesia and Dominica. Ferronickel prices fell steeply alongside the slump in refined nickel and high-grade NPI prices. As ferronickel was slightly less cost effective than domestic nickel produced with scrap and Indonesian high-grade NPI, its premiums over NPI shrank. In particular, Ni 15-20% ferronickel traded at almost the same price as that of Indonesian high-grade NPI. Due to fierce competition with pure nickel and domestic nickel produced with scrap, the premiums of ferronickel (Ni>35%) fell sharply. However, the premiums of Ni 25-30% ferronickel held relatively firm.
![[SMM 니켈 중간 리뷰] 니켈 가격은 9월 3일 크게 반등했다. 미국 8월 ADP 고용 데이터가 예상 밖으로 약세를 보이며 9월 금리 인상 가능성에 대한 기대가 다소 낮아졌다.](https://imgqn.smm.cn/usercenter/qLeLR20251217171733.jpg)

![[SMM 황산니켈 일일 리뷰] 9월 3일 현물 시장 거래 부진, 황산니켈 가격 안정세](https://imgqn.smm.cn/usercenter/Btmsv20251217171733.jpg)
