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).
SMM Nickel Market Morning Comment (Jun 14)
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.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.
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