SMM Nickel Market Morning Comment (Aug 1)

Aug 1, 2024 09:25

Source:SMM

On July 31, Jinchuan nickel was quoted at a premium of 1,600-2,000 yuan/mt, with an average of 1,800 yuan/mt, down 150 yuan/mt from the previous trading day.

On July 31, Jinchuan nickel was quoted at a premium of 1,600-2,000 yuan/mt, with an average of 1,800 yuan/mt, down 150 yuan/mt from the previous trading day. Norilsk nickel was quoted at a discount of 300 yuan/mt to a premium of 200 yuan/mt, with an average discount of 50 yuan/mt, up 100 yuan/mt from the previous trading day. In the morning, as the market rose sharply, spot premiums were generally lowered. Nickel briquette prices were 129,550-129,650 yuan/mt, an increase of 3,850 yuan/mt from the previous trading day. The price spread between nickel briquette and nickel sulphate was about 3,236 yuan/mt (nickel sulphate prices were 3,236 yuan/mt lower than nickel briquette prices).

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

SMM Nickel Market Morning Comment (Aug 1)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025