On August 19, Jinchuan nickel was quoted at a premium of 1,300-1,400 yuan/mt, with an average of 1,350 yuan/mt, down 50 yuan/mt compared to the previous trading day. Norilsk nickel was quoted at a discount of -300-0 yuan/mt, with an average discount of 150 yuan/mt, remaining flat compared to the previous trading day. In the morning, the market fluctuated upwards, and the spot market premium showed little fluctuation compared to the previous working day. Nickel briquette prices were 127,500-127,800 yuan/mt, an increase of 500 yuan/mt compared to the previous trading day. The price spread between nickel briquette and nickel sulphate was about 1,400 yuan/mt (nickel sulphate prices were 1,400 yuan/mt lower 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)

