Today, the SMM #1 refined nickel price stood at 120,500-122,900 yuan/mt, with an average price of 121,700 yuan/mt, down 350 yuan/mt from the previous trading day. The mainstream spot premium quotation range for Jinchuan #1 refined nickel was 1,900-2,200 yuan/mt, with an average premium of 2,050 yuan/mt, unchanged from the previous trading day. The spot premiums and discounts quotation range for mainstream domestic brands of electrodeposited nickel was -200-200 yuan/mt.