Refined nickel prices rise, while the premium of Jinchuan #1 refined nickel falls

Published: Jul 2, 2025 11:31

Save

Today, the SMM #1 refined nickel price was 120,600-123,500 yuan/mt, with an average price of 122,050 yuan/mt, up 600 yuan/mt from the previous trading day. The mainstream spot premiums quotation range for Jinchuan #1 refined nickel was 2,400-2,600 yuan/mt, with an average premium of 2,500 yuan/mt, down 100 yuan/mt from the previous trading day. The spot premiums and discounts quotation range for electrodeposited nickel from mainstream domestic brands was -100-300 yuan/mt, with a decrease in the upper limit.

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

2 mins ago

SMM High-Grade NPI Price Rises to 1,040 Yuan/mtu on Feb 6, Market Sentiment Slightly Down

[SMM Nickel Flash] On February 6, the SMM average price for 10-12% high-grade NPI was 1,040 yuan/mtu (ex-factory, tax included), up 2.5 yuan/mtu MoM from the previous working day. The market sentiment factor for high-grade NPI was 2.06, down 0.04 MoM; the upstream sentiment factor for high-grade NPI was 2.84, down 0.07 MoM; and the downstream sentiment factor for high-grade NPI was 1.28, flat MoM.

2 mins ago

23 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.

23 hours ago

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

23 hours ago