On July 3, Jinchuan nickel was at a premium of 1,300-1,400 yuan/mt, with an average of 1,350 yuan/mt, down 100 yuan/mt from the previous trading day. Russian nickel was quoted at a discount of 0-400 yuan/mt, with an average of 200 yuan/mt, down 50 yuan/mt from the previous trading day. In the morning, the market fluctuated, and downstream purchasing willingness decreased. However, the shortage of electro-deposited nickel in the spot market continued, and the premiums and discounts of various brands remained firm. Nickel briquette prices were 134,900-135,100 yuan/mt, down 400 yuan/mt from the previous trading day. The price spread between nickel briquette and nickel sulphate was about 5,455 yuan/mt (nickel sulphate prices were 5,455 yuan/mt lower than nickel briquette prices).
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