Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Coke Coal Pig Iron Steel Billet Finished Steel

New Energy

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / Jinchuan nickel spot premiums stay high in Shanghai on tight supply

Jinchuan nickel spot premiums stay high in Shanghai on tight supply

Aug 6, 2018 15:09

Source:SMM

The price spread between Jinchuan and Norilsk nickel remained wide in the Shanghai spot market on Monday

SHANGHAI, Aug 6 (SMM) – The price spread between Jinchuan and Norilsk nickel remained wide in the Shanghai spot market on Monday August 6 due to tight supply of Jinchuan materials.

Norilsk nickel traded at a premium of about 100 yuan/mt over the Wuxi Stainless Steel Exchange 1808 contract while Jinchuan was trading at a premium of about 1,400 yuan/mt. This compared with a 300-yuan/mt spread a month ago.

Meanwhile, steel mills stood on the sidelines as they had stockpiled at low prices last week. Transactions across the market were mostly heard at 109,900-111,350 yuan/mt this morning.

Market commentary

Nickel

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

SMM Morning Comments (Jul 29): Shanghai Base Metals Trending Mixed after Obscure Fed Meeting Results

Shanghai base metals traded mixed after opening on Thursday morning, as Fed failed to set a timeline for tapering asset purchase, and COVID-19 pandemic made a comeback. Meanwhile, their counterparts on LME mostly went up.

time

Jul 29, 2021 09:55

SMM Morning Comments (Jul 29): Shanghai Base Metals Trending Mixed after Obscure Fed Meeting Results

SMM Morning Comments (Jul 13): Shanghai base metals were mostly lower as investors awaited China's trade data for June

Shanghai base metals were mostly lower on Tuesday morning as investors awaited the release of China's trade data for June. Meanwhile, their counterparts on the LME also fell for the most part.

time

Jul 13, 2021 10:00

SMM Morning Comments (Jul 13): Shanghai base metals were mostly lower as investors awaited China's trade data for June

China weekly inventory summary and data wrap (Jul 9)

This is a roundup of China's metals weekly inventory as of July 9.

time

Jul 9, 2021 20:00

China weekly inventory summary and data wrap (Jul 9)

SMM Morning Comments (Jan 21): Shanghai base metals were mostly higher after Wall Street surged to records following Biden's inauguration

Nonferrous metals on the SHFE were mostly higher on Thursday morning, and their counterparts on the LME rose across the board after stocks on Wall Street sailed to record highs as US President Joe Biden was sworn into office.

time

Jan 21, 2021 10:00

SMM Morning Comments (Jan 21): Shanghai base metals were mostly higher after Wall Street surged to records following Biden's inauguration

SMM Morning Comments (Dec 2): Shanghai base metals mostly declined, the LME complex mixed

Nonferrous metals on the SHFE were mostly lower on Wednesday morning, while their counterparts on the LME set for a mixed start.

time

Dec 2, 2020 10:16

SMM Morning Comments (Dec 2): Shanghai base metals mostly declined, the LME complex mixed

SMM Morning Comments (Oct 29): Base metals broadly weakened amid worries about surging COVID-19 cases

Nonferrous metals on the SHFE and LME both fell broadly on Thursday morning, extending losses, as surging global COVID-19 cases triggered more restrictions and stoked concerns about economic recovery.

time

Oct 29, 2020 10:11

SMM Morning Comments (Oct 29): Base metals broadly weakened amid worries about surging COVID-19 cases

SMM Morning Comments (Oct 23): Shanghai base metals were mostly lower on dollar bounce-back, stimulus concerns

Shanghai base metals fell for the most part on Friday morning, while their counterparts on the LME set for a mixed start, as the US dollar rebounded and hopes for a US stimulus package before the Nov. election dimmed.

time

Oct 23, 2020 10:06

SMM Morning Comments (Oct 23): Shanghai base metals were mostly lower on dollar bounce-back, stimulus concerns

Shanghai bonded nickel stocks fell as coronavirus delayed arrivals

Inventories of refined nickel in the Shanghai bonded areas fell this week, as shipments under bill of lading were delayed due to COVID-19 related lockdowns while there were flows from bonded areas to domestic markets. SMM data showed that inventories of pure nickel in the Shanghai bonded areas stood at 17,900 mt as of Friday April 17, down from 18,600 mt a week earlier.

time

Apr 17, 2020 15:57

Shanghai bonded nickel stocks fell as coronavirus delayed arrivals

Hainan to subsidise 5G deployment in 2020-2022

No more than 100 million yuan of subsidy will be granted each year

time

Nov 22, 2019 15:09

Hainan to subsidise 5G deployment in 2020-2022

SMM Evening Comments (Sep 12)

SHFE nonferrous metals, except for lead, closed higher on US-China trade thaw

time

Sep 12, 2019 18:39

SMM Evening Comments (Sep 12)

SMM Events & Webinars

Sep
15
- NET ZERO CHINA Field Trip
  Sep 15 - 19,2025
  中国
Sep
26
- 2025 ASIA BATTERY MATERIAL COOPERATION SALON
  Sep 26 - 26,2025
  Time：9.26 2025 Place：Seoul， South Korea
  Seoul， South Korea
Oct
14
- SMM LME Metals Seminar 2025
  Oct 14 - 14,2025
  Emmanuel Centre，London , the United Kingdom

MOST POPULAR

1.Benchmarking Analysis Of the Development Direction Of MHP And Nickel Matte

2.Technical Due Diligence Survey Of Nickel Product Unit

3.Long-term Price Forecast Of Nickel Industry

4.Feasibility Study Of Nickel Industry Investment

5.Indonesia Ni Industry Analysis

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday 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.