SMM #1 Refined Nickel Price Up 1,850 Yuan/MT, Jinchuan Premiums Steady

Published: Aug 24, 2026 11:36

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On August 24, the average price of SMM #1 refined nickel was 131,450 yuan/mt, up 1,850 yuan/mt from the previous trading day. In terms of spot premiums, the average premium for Jinchuan #1 refined nickel was 1,550 yuan/mt, unchanged from the previous trading day, and the range for electrodeposited nickel of mainstream brands in China was -100-500 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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