SMM Refined Nickel and Electrodeposited Nickel Prices Update

Published: Jul 16, 2025 11:24

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Today, the SMM #1 refined nickel price ranged from 120,800 to 123,400 yuan/mt, with an average price of 122,100 yuan/mt, representing an increase of 1,700 yuan/mt compared to the previous trading day. The mainstream spot premiums quotation range for Jinchuan #1 refined nickel was 1,900-2,100 yuan/mt, with an average premium of 2,000 yuan/mt, a decrease of 50 yuan/mt compared to the previous trading day. The premiums and discounts quotation range for electrodeposited nickel from mainstream domestic brands was -100 to 300 yuan/mt.

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.

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