On November 11, Jinchuan nickel was quoted at a premium of 1,700-1,900 yuan/mt, with an average of 1,800 yuan/mt, up 100 yuan/mt compared to the previous trading day. Norilsk nickel was quoted at a discount of 400-0 yuan/mt, with an average of 200 yuan/mt, remaining flat compared to the previous trading day. On the morning of November 8, the futures market fluctuated downward, and spot market premiums saw a slight increase compared to the previous working day. Nickel briquette prices were 127,300-128,200 yuan/mt (in short supply), down 1,825 yuan/mt compared to the previous trading day. The price spread between nickel sulphate and nickel briquette was approximately 4,341 yuan/mt (nickel sulphate prices were 4,341 yuan/mt lower than nickel briquette prices).
![[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)
