[2.24 Morning Meeting Summary] Nickel Prices Declined with Low Trading Activity

Published: Feb 24, 2025 09:09

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[2.24 Morning Meeting Summary] Last week, nickel prices overall fluctuated downward, with spot prices ranging between 123,200-127,300 yuan/mt, while SHFE nickel futures prices fluctuated between 123,300 yuan/mt and 126,300 yuan/mt. The mainstream spot premiums for Jinchuan No.1 nickel were quoted in the range of 1,700-2,100 yuan/mt, with an average premium of 1,850 yuan/mt, showing a decline WoW. Market trading activity was low, and insufficient release of end-use demand from downstream sectors put pressure on nickel prices.

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