【SMM Nickel News】

Published: Dec 26, 2025 11:45

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On December 26, the price of SMM #1 refined nickel was 125,700–133,700 yuan/mt, with an average price of 129,700 yuan/mt, up 2,300 yuan/mt from the previous trading day. The quotation range for spot premiums of Jinchuan #1 refined nickel was 7,000–7,200 yuan/mt, with an average premium of 7,100 yuan/mt, down 150 yuan/mt from the previous trading day. The quotation range for spot premiums and discounts of mainstream domestic electrodeposited nickel was -200–400 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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