【SMM Nickel Daily Review】On April 23, the spot price of refined nickel rose slightly, and nickel prices continued to fluctuate and adjust.

Published: Apr 23, 2025 13:51

Save

SMM Nickel April 23 News: Spot market: Today, the price of SMM 1# refined nickel was 125,700-128,150 yuan/mt, with an average price of 126,925 yuan/mt, up 225 yuan/mt from the previous trading day. The mainstream spot premium quotation range for Jinchuan No. 1 nickel was 2,100-2,400 yuan/mt, with an average premium of 2,250 yuan/mt, unchanged from the previous trading day. The premium and discount quotation range for Russian nickel was 200-300 yuan/mt, with an average premium of 250 yuan/mt, up 100 yuan/mt from the previous trading day. Futures market: The most-traded SHFE nickel contract continued its fluctuating trend from yesterday, closing at 125,770 yuan/mt as of 11:30, up 0.19% from the previous trading day's settlement price. In the short term, nickel prices may continue to fluctuate and adjust, with the tug-of-war between longs and shorts focusing on the cost support brought by the implementation of Indonesian policies and the imbalance in supply and demand fundamentals.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

17 hours ago

[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.

Affected by macro sentiment, MHP and high-grade nickel matte prices declined this week.

17 hours ago

[SMM Analysis] The market experienced panic selling this week, and nickel prices plummeted.

17 hours ago

18 hours ago

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

18 hours ago