Today, the SMM #1 refined nickel price stood at 121,200-123,700 yuan/mt, with an average price of 122,450 yuan/mt, down 1,600 yuan/mt from the previous trading day. The mainstream spot premiums for Jinchuan #1 refined nickel were quoted in the range of 2,000-2,200 yuan/mt, with an average premium of 2,100 yuan/mt, unchanged from the previous trading day. The spot premiums and discounts for mainstream domestic brands of electrodeposited nickel were quoted in the range of -200-300 yuan/mt.