Previously, SMM made the following reminder about the discontinuation of high-grade NPI price updates by region: SMM Announcement: The Publication of High-Grade NPI Prices by Region Will Soon Be Discontinued

On March 31, the SMM battery-grade nickel sulphate index price was 28,030 yuan/mt, with the quotation range for battery-grade nickel sulphate at 27,970-28,550 yuan/mt, and the average price remained flat WoW.

Nickel prices declined in the morning session along with the overall non-ferrous metals market. The mainstream spot premiums for Jinchuan No. 1 nickel were quoted in the range of 1,300-1,600 yuan/mt, with an average premium of 1,450 yuan/mt, down by 200 yuan/mt from the previous trading day. The premiums and discounts for Russian nickel were quoted in the range of -200 to 100 yuan/mt, at a discount of 50 yuan/mt, up by 50 yuan/mt from the previous trading day.

The production and operation of the MHP project in the Morowali Industrial Park have been affected by the flood disaster in Indonesia, resulting in a reduction in output.

Last Friday night, LME copper opened at $9,794/mt, with the highest price reaching $9,887.0/mt and the lowest price dropping to $9,773.0/mt.

[3.17 Morning Meeting Minutes] Last week, nickel prices showed a trend of fluctuating and strengthening, with spot prices fluctuating between 128,600 and 133,300 yuan/mt, while SHFE nickel futures prices (2505 contract) fluctuated between 128,250 and 132,000 yuan/mt. On the macro front, the Indonesian government plans to increase the nickel ore tax rate to 14%-19%, and the market generally expects that the implementation of the policy will increase the cost of nickel ore and nickel pig iron, providing some support for nickel prices in the short term.

This week's black mass' price keep flucluate

This week's black mass' price keep flucluate

The Progress of This Week's Recycling Incident Was as Follows: