Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
Imports weigh on Norilsk nickel prices in Shanghai
Price spread between Norilsk and Jinchuan nickel widened in the Shanghai spot market on inflows of imported materials
SHANGHAI, Jul 5 (SMM) – The price spread between Norilsk and Jinchuan nickel widened in the Shanghai spot market on Thursday July 5 as a temporarily open import arbitrage window rendered some inflows of the former, SMM believes.
Norilsk nickel traded at a premium of about 100 yuan/mt over the Wuxi Stainless Steel Exchange 1807 contract while Jinchuan was trading at a premium of about 400 yuan/mt. This compared with a 200 yuan/mt spread earlier this week.
Most transactions were heard at 111,850-112,350 yuan/mt on Thursday, lower than the 113,900-114,200 yuan/mt in the previous day. Jinchuan cut its offer of nickel plate by 1,500 yuan/mt to 112,800 yuan/mt.
Despite the decline in spot nickel prices, buyers stayed on the sidelines with bearish outlook.
Market commentary
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
Demand dwindles in Shanghai spot zinc market
Trades thinned on Wednesday Aug 22 as demand weakened after transactions from most long-term contracts ended
Aug 22, 2018 14:58
POSCO manganese purchasing price fall in Sept tender
Purchasing price for its Sept tender settled at $2,509/mt cfr over the weekend, down some 11% from Aug
Aug 20, 2018 15:02
Imported copper concentrate TCs remain at highs
TCs of imported clean copper concentrate for the week ended Friday Jul 13 stood at $83-90/mt
Jul 13, 2018 16:28
SMM Events & Webinars
All- Oct14
SMM LME Metals Seminar 2025
Oct 14 - 14,2025London , the United Kingdom
- Oct20
Li-ION BATTERY China
Oct 20 - 21,2025Xiamen, China
- Oct20
APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025
Oct 20 - 21,2025Xiamen, China
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.
