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.