SHANGHAI, Feb 2 (SMM) - Jinchuan nickel premiums were quoted at 5,500-7,500 yuan/mt, with an average of 6,500 yuan/mt, up 650 yuan/mt from the previous trading day. NORNICKEL nickel was quoted at premiums of 6,600-7,000 yuan/mt, with an average of 6,800 yuan/mt, down 450 yuan/mt from a day ago. Last night, SHFE nickel prices dipped, but were still high, hence the upstream enterprises were still active in shipping. The spot premiums were low and thus the spot transactions picked up slightly in the morning. The prices of nickel briquettes were 225,700-226,500 yuan/mt, down 3,250 yuan/mt from the previous trading day. The nickel briquette prices were still higher than that of nickel sulphate, hence the spot transaction of nickel briquette was weak.


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