SMM Nickel Market Morning Comment (Oct 18)

Published: Oct 18, 2024 09:14

Source: SMM

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On October 17, Jinchuan nickel was quoted at a premium of 1,400-1,500 yuan/mt, with an average of 1,450 yuan/mt, remaining flat compared to the previous trading day.

On October 17, Jinchuan nickel was quoted at a premium of 1,400-1,500 yuan/mt, with an average of 1,450 yuan/mt, remaining flat 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, down 25 yuan/mt compared to the previous trading day. On the morning of October 17, the futures market fluctuated, and there was no significant change in spot premiums compared to the previous working day. Nickel briquette prices were 132,850-133,450 yuan/mt (out of stock), up 565 yuan/mt compared to the previous trading day. The price spread between nickel briquette and nickel sulphate was about 4,945 yuan/mt (nickel sulphate prices were 4,945 yuan/mt lower than nickel briquette prices).

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