The price gap between nickel briquette and nickel sulphate narrowed to less than 100 yuan [SMM spot nickel midday review]

On April 24, the premium of Jinchuan nickel was 1,700-1,900 yuan/ton, with an average premium of 1,800 yuan/ton, an increase of 200 yuan/ton compared with the previous trading day. The discount of Russian nickel was 200 to 600 yuan/ton, with an average discount of 400 yuan/ton, an increase of 100 yuan/ton compared with the previous trading day. The market fluctuated downward this morning but the absolute price was still high. Therefore, the spot market improved partially today, but the overall purchasing sentiment remained relatively restrained, and the downstream still waited for more suitable prices. Nickel briquette prices were 137,200-138,400 yuan/ton, down 1,050 yuan/ton from the previous trading day. The price gap between nickel briquette and nickel sulphate was about 73 yuan/ton. (The price of nickel sulphate was 73 yuan/ton lower than that of nickel briquette).