SMM Nickel Market Morning Comment (Oct 9)

On October 8, Jinchuan nickel was quoted at a premium of 1,300-1,500 yuan/mt, with an average of 1,400 yuan/mt, unchanged from the previous trading day. Norilsk nickel was quoted at a discount of 500-200 yuan/mt, with an average of 350 yuan/mt, up 50 yuan/mt from the previous trading day. October 8, the first day after the holiday, saw the futures market open high, boosted by sentiment, but later retreated. Nickel briquette prices were 134,400-135,100 yuan/mt, up 3,400 yuan/mt from the previous day.