Pure Nickel Prices Declined and the Spot Transactions Improved

Published: Sep 2, 2022 12:02

Source: SMM

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In the spot market, on Sep 2, Jinchuan nickel premiums were quoted at 8,500-9,500 yuan/mt, with an average of 9,000 yuan/mt, up 2,050 yuan/mt from the previous trading day.

SHANGHAI, Sep 2 (SMM) - In the spot market, on Sep 2, Jinchuan nickel premiums were quoted at 8,500-9,500 yuan/mt, with an average of 9,000 yuan/mt, up 2,050 yuan/mt from the previous trading day. NORNICKEL nickel premiums were quoted at 4,500-5,000 yuan/mt, with an average of 4,750 yuan/mt, flat from the previous trading day. As the futures prices of pure nickel fell sharply, the spot prices fell to 166,000 yuan/mt, hence the spot transactions improved.

In terms of nickel briquette, the price of nickel briquette was 162,600-163,700 yuan/mt, down 6,000 yuan from yesterday. As the economy effectiveness of nickel briquette improved and the production of steel mills is expected to resume, the demand of nickel briquette may increase.

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