SMM App
AndroidiOS
Holiday Pricing ScheduleFREE TRIALCompliance Centre
gloablLanguage:  language-iconlanguage-iconlanguage-iconlanguage-iconlanguage-icon
MarketsNews
Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
Ferrous Metals
Iron Ore IndexIron Ore PriceFinished SteelCokeCoalPig IronSilicon Steel
New Energy
New Energy
SolarLithiumCobaltLithium Battery Cathode Precursor and MaterialAnode MaterialsArtificial GraphiteDiaphragmElectrolyteOther MaterialsChemical CompoundLithium-ion BatteryUsed Lithium-ion BatterySodium-ion BatteryHydrogen EnergyEnergy Storage
Price CenterDatabaseProReportsEventsCar Insight
Home / Metal News / Futures Market Fluctuates and Declines, Jinchuan Nickel Premium Accelerates Decline [SMM Nickel Spot Midday Review]

Futures Market Fluctuates and Declines, Jinchuan Nickel Premium Accelerates Decline [SMM Nickel Spot Midday Review]

iconJan 16, 2025 13:14
Source:SMM
[Futures Market Fluctuated Downward, Spot Premiums for Jinchuan Nickel Accelerated Decline] Today, the mainstream spot premiums for Jinchuan No.1 Nickel were quoted in the range of 2,000-2,400 yuan/mt, with an average premium of 2,200 yuan/mt, down by 500 yuan compared to yesterday. The quotation range for Russian nickel spot discounts/premiums was -300 to 0 yuan/mt, with an average discount/premium of -150 yuan/mt, remaining unchanged from yesterday. In terms of futures: Nickel prices fell by 40 yuan in the morning to 127,480 yuan, a decrease of 0.03%.
Spot Premiums/Discounts: Today, the mainstream spot premiums for Jinchuan No.1 nickel were quoted in the range of 2,000-2,400 yuan/mt, with an average premium of 2,200 yuan/mt, down by 500 yuan compared to yesterday. Russian nickel premiums/discounts were quoted in the range of -300 to 0 yuan/mt, with an average of -150 yuan/mt, unchanged from yesterday. Futures: In the morning, nickel prices fell by 40 yuan to 127,480 yuan, a decrease of 0.03%. Today's futures market saw a fluctuating downward trend, but futures prices remained at high levels. In terms of market transactions, as year-end approaches, downstream enterprises are expected to begin their holidays next week, leading to weak purchase willingness. Consequently, with sluggish market transactions, Jinchuan nickel premiums accelerated their decline today, with the average premium dropping to 2,300 yuan/mt. On the supply side, producers maintained high operating rates, ensuring ample supply. Under the surplus in supply and demand, Jinchuan nickel premiums/discounts are expected to decline further in the short term. Nickel prices are also expected to maintain a fluctuating trend. Price Spread with Nickel Sulphate: Today, nickel briquette prices ranged from 126,900 to 127,250 yuan/mt, down by 125 yuan/mt compared to the previous trading day's spot prices. Nickel sulphate remains at a discount to refined nickel.

For queries, please contact William Gu at williamgu@smm.cn

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

SMM Events & Webinars

All
MOST POPULAR
1.Benchmarking Analysis Of the Development  Direction Of MHP And Nickel Matte
2.Technical Due Diligence Survey Of Nickel Product Unit
3.Long-term Price Forecast Of Nickel Industry
4.Feasibility Study Of Nickel Industry Investment
5.Indonesia Ni Industry Analysis
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday 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.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.