Jinchuan Nickel to See Premiums Fall, SMM Expects

Published: Aug 11, 2017 13:47

Save

On Friday, Jinchuan Group cut ex-works price of refined nickel to 87,000 yuan per tonne, down 500 yuan from a day earlier.

SHANGHAI, Aug. 11 (SMM) – On Friday, Jinchuan Group cut ex-works price of refined nickel to 87,000 yuan per tonne, down 500 yuan from a day earlier.

Jinchuan Group turned active in sales as margins increased significantly with nickel futures price rising.

The company started increasing monthly output to 11,500-12,000 tonnes from July, leaving sufficient supply. And premiums of Jinchuan nickel narrowed from 1,600 yuan seen in early week to around 700-800 yuan.

Will Production Increase at China NPI Producers Grow Demand for Philippine Ores? SMM Reports

With nickel futures price hovering at high, premiums of Jinchuan nickel are expected to fall to within 500 yuan per tonne.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

nickel price LME nickel price nickel price forecast

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

9 hours ago

[SMM Stainless Steel Market Flash] Scrap Surge and Geopolitics Raise Cost Pressure on EU Mills

According to market reports, European stainless mills are facing mounting cost pressure from both geopolitics and raw materials. Concerns linked to the US-Iran conflict are adding uncertainty to energy and input costs, while 304 scrap has climbed to €1,400/t delivered across most EU countries this month. The continued rise in costs is becoming a key support factor for higher stainless steel prices in Europe.

9 hours ago

[SMM Stainless Steel Market Flash] European Mills Lift July CRC Offers to €2,700/t Delivered

According to market reports, European mills are closing June order books and beginning to quote for July delivery. Market indications show CRC deals for May delivery were concluded at around €2,550-2,570/t delivered, while June delivery is being offered and achieved at €2,600-2,630/t delivered. July offers have now reached €2,700/t delivered, pointing to a further upward shift in the European stainless CRC price base.

9 hours ago

[SMM Stainless Steel Market Flash] European Stainless Flats Keep Rising as Sentiment Stays Cautious

According to market reports, European stainless flat steel prices continue to rise sharply, but overall market sentiment remains cautious. Feedback from the Tube & Wire trade show in Düsseldorf suggests that geopolitical uncertainty, subdued downstream activity, and a mixed outlook for end-users are still weighing on confidence. Although demand has improved from the weak levels seen in 2025, real end-user activity remains disappointing.

9 hours ago