SMM Nickel Market Morning Comment (Oct 11)

Published: Oct 11, 2024 09:07

Source: SMM

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On October 10, Jinchuan nickel was quoted at a premium of 1,500-1,600 yuan/mt, with an average of 1,550 yuan/mt, up 150 yuan/mt compared to the previous trading day.

On October 10, Jinchuan nickel was quoted at a premium of 1,500-1,600 yuan/mt, with an average of 1,550 yuan/mt, up 150 yuan/mt compared to the previous trading day. Norilsk nickel was quoted at a discount of 400-200 yuan/mt, with an average of 300 yuan/mt, remaining flat compared to the previous trading day. On the morning of October 10, futures prices ran generally weak, and the spot premium spread remained stable. Nickel briquette prices were 132,200-132,700 yuan/mt, down 1,950 yuan/mt from the previous trading day. The price spread between nickel briquette and nickel sulphate was approximately 4,518 yuan/mt (nickel sulphate prices were 4,518 yuan/mt lower than nickel briquette prices).

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