SHANGHAI, Nov. 11 (SMM) – SMM #1 nickel prices were between RMB 71,600-72,700/mt on November 10. Discounts of Jinchuan nickel prices were RMB 100/mt against the most actively traded contracts on the Wuxi electronic trading in the morning, with traded prices between RMB 72,300-72,400/mt. Discounts of Russian nickel prices were RMB 500/mt against the most actively traded contracts on the Wuxi electronic trading in the morning, with traded prices between RMB 71,700-71,800/mt. Both traders and downstream buyers took a wait-and-see posture as nickel futures prices hit a near-term low. Nickel futures prices bottomed, and declined in spot nickel prices. Traded prices were between RMB 71,700-72,400/mt in the afternoon.
SMM Nickel Market Daily Review (2015-11-10)
SMM #1 nickel prices were between RMB 71,600-72,700/mt on November 10.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.
For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
![Price Difference Between Copper Cathode and Copper Scrap Stays High, Stimulating Arbitrage Trading for Secondary Copper Rod Enterprises [SMM Secondary Copper Daily Commentary]](https://imgqn.smm.cn/usercenter/CYktX20251217171711.jpg)
32 mins ago
Price Difference Between Copper Cathode and Copper Scrap Stays High, Stimulating Arbitrage Trading for Secondary Copper Rod Enterprises [SMM Secondary Copper Daily Commentary]
Read More
Price Difference Between Copper Cathode and Copper Scrap Stays High, Stimulating Arbitrage Trading for Secondary Copper Rod Enterprises [SMM Secondary Copper Daily Commentary]
32 mins ago
![Market trading remained sluggish, while North China spot premiums held steady [SMM North China Spot Copper]](https://imgqn.smm.cn/usercenter/LbxVx20251217171714.jpeg)
2 hours ago
Market trading remained sluggish, while North China spot premiums held steady [SMM North China Spot Copper]
Read More
Market trading remained sluggish, while North China spot premiums held steady [SMM North China Spot Copper]
Today in North China, spot #1 copper cathode premiums against the front-month contract were quoted at 100-140 yuan/mt, with an average premium of 120 yuan/mt, unchanged from the previous trading day. The average transaction price was 103,805 yuan/mt, down 545 yuan/mt from the previous trading day.
2 hours ago
![Arrivals increased, suppliers proactively lowered prices to sell, and spot trades were active [SMM South China Spot Copper].](https://imgqn.smm.cn/usercenter/OsOmo20251217171709.jpg)
2 hours ago
Arrivals increased, suppliers proactively lowered prices to sell, and spot trades were active [SMM South China Spot Copper].
Read More
Arrivals increased, suppliers proactively lowered prices to sell, and spot trades were active [SMM South China Spot Copper].
2 hours ago
Related News
Price Difference Between Copper Cathode and Copper Scrap Stays High, Stimulating Arbitrage Trading for Secondary Copper Rod Enterprises [SMM Secondary Copper Daily Commentary]
Jul 17, 2026 13:27
Market trading remained sluggish, while North China spot premiums held steady [SMM North China Spot Copper]
Jul 17, 2026 11:39
Arrivals increased, suppliers proactively lowered prices to sell, and spot trades were active [SMM South China Spot Copper].
Jul 17, 2026 11:31
Low Inventory Leads to Tight Supply of Spot Copper Cathode and High Premium in East China
Jul 17, 2026 10:51