Refined Nickel Prices Decline Slightly on May 16

Published: May 16, 2025 11:36

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[Refined nickel prices dropped slightly on May 16] Today, the SMM 1# refined nickel price was 124,900-127,350 yuan/mt, with an average price of 126,125 yuan/mt, a decrease of 200 yuan/mt from the previous trading day. The mainstream spot premium quotation range for Jinchuan No.1 nickel was 2,000-2,200 yuan/mt, with an average premium of 2,100 yuan/mt, unchanged from the previous trading day. The premiums and discounts quotation range for Russian nickel was 0-300 yuan/mt, with an average premium of 150 yuan/mt, unchanged from the previous trading day.

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