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Home / Metal News / SMM Nickel Market Morning Comment (Jun 14)

SMM Nickel Market Morning Comment (Jun 14)

Jun 14, 2024 09:09

Source:SMM

On June 13, Jinchuan nickel was at a premium of 2,500-3,000 yuan/mt, with an average of 2,750 yuan/mt, flat compared to the previous trading day.

On June 13, Jinchuan nickel was at a premium of 2,500-3,000 yuan/mt, with an average of 2,750 yuan/mt, flat compared to the previous trading day. Russian nickel was at a discount of 100-200 yuan/mt, with an average of 150 yuan/mt, flat compared to the previous trading day. In the morning, the market fluctuated at recent lows, leading to a slight recovery in spot market trades. The shortage of electro-deposited nickel continued, and spot premiums and discounts for various brands surged. Nickel briquette prices were 136,400-136,700 yuan/mt, down 450 yuan/mt from the previous trading day. The price spread between nickel briquette and nickel sulphate was about 8,905 yuan/mt (nickel sulphate prices were higher than nickel briquette prices by 8,905 yuan/mt).

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