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Home / Metal News / SMM Nickel Market Morning Comment (Jul 30)

SMM Nickel Market Morning Comment (Jul 30)

Jul 30, 2024 09:16

Source:SMM

On July 29, Jinchuan nickel was quoted at a premium of 2,000-2,200 yuan/mt, with an average of 2,100 yuan/mt, down 50 yuan/mt from the previous trading day.

On July 29, Jinchuan nickel was quoted at a premium of 2,000-2,200 yuan/mt, with an average of 2,100 yuan/mt, down 50 yuan/mt from the previous trading day. Norilsk nickel was quoted at a discount of 50 yuan/mt to a premium of 200 yuan/mt, with an average premium of 75 yuan/mt, flat compared to the previous trading day. In the morning, the market fluctuated downward, and spot premiums slightly decreased. Nickel briquette prices were 125,200-125,400 yuan/mt, down 850 yuan/mt from the previous trading day. The price spread between nickel briquette and nickel sulphate was about 3,109 yuan/mt (nickel sulphate prices were 3,109 yuan/mt higher than nickel briquette prices).

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