SMM May 7th: On May 7th, Jinchuan premium reported 1300-1500 yuan/ton, with an average price of 1400 yuan/ton, an average price of 50 yuan/ton compared with the previous trading day, and a premium of -700 to -200 yuan/ton, with an average price of -450 yuan/ton, an increase of 100 yuan/ton compared with the previous trading day. This morning, the market fluctuated but the absolute price was still at a high level, the overall purchasing sentiment was still relatively restrained, and the market trading sentiment was dominated by light. Today's nickel bean price is 140,700-141,500 yuan/ton, an increase of 800 yuan/ton from the spot price of the previous trading day, and the price difference between nickel beans and nickel sulfate today is about 1,327 yuan/ton. (The price of nickel sulfate is 1327 yuan/ton lower than the price of nickel beans).
![[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)

