SHFE Nickel Prices Dipped amid Weakening Demand

Published: Jan 17, 2023 11:15 (GMT+8)

Source: SMM

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Spot quotations have been made against the SHFE 2302 nickel contract. On January 17, spot premiums of Jinchuan nickel stood at 11,000-12,000 yuan/mt, with an average premium of 11,500 yuan/mt, which was 750 yuan/mt lower than yesterday.

SHANGHAI, Jan 17 — Spot quotations have been made against the SHFE 2302 nickel contract. On January 17, spot premiums of Jinchuan nickel stood at 11,000-12,000 yuan/mt, with an average premium of 11,500 yuan/mt, which was 750 yuan/mt lower than yesterday. The premiums of NORNICKEL nickel stood at 6,700-7,200 yuan/mt, with an average premium of 6,950 yuan/mt, down 200 yuan/mt from yesterday.

In the morning, spot premiums fell amid quiet trading.

On the nickel briquettes front, the prices stood at 208,500-209,000 yuan/mt, a drop of 750 yuan/mt. The prices of nickel briquettes outstripped nickel sulphate, and spot transactions were subdued.

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