On July 24, Jinchuan nickel was quoted at a premium of 1,800-2,000 yuan/mt, with an average of 1,900 yuan/mt, flat compared to the previous trading day. Norilsk nickel was quoted at a discount of 50 yuan/mt to a premium of 100 yuan/mt, with an average premium of 25 yuan/mt, down 75 yuan/mt from the previous trading day. In the morning, as the market fluctuated downward, spot premiums saw a slight increase. Nickel briquette prices were 126,500-126,800 yuan/mt, down 450 yuan/mt from the previous day. The price spread between nickel briquette and nickel sulphate was about 2,895 yuan/mt (nickel sulphate prices were 2,895 yuan/mt higher than nickel briquette prices).
![[SMM 분석] 하류 외부 구매 수요 약세, 니켈염 가격 이번 주 하락](https://imgqn.smm.cn/usercenter/KFwsY20251217171734.jpg)
![[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)

