Nickel Prices Rose on the Day, Downstream Sentiment Worsened
Spot Market: During the day, nickel prices rose, and the session prices remained stable at high levels. The premium/discount for Jinchuan brand nickel slightly decreased in the morning but overall remained largely unchanged. Jinchuan's ex-factory prices were raised by 3,600 yuan to 130,800 yuan/mt at noon. The premium/discount for Russian nickel and domestic electrodeposited nickel plates showed little overall change. The rise in session prices and the overall stability of the premium/discount exacerbated downstream sentiment, leading to a noticeable weakening in transactions for the day.
![[SMM Analysis] Demanda de compra externa downstream fraca; preços do sal de níquel caíram esta semana](https://imgqn.smm.cn/usercenter/KFwsY20251217171734.jpg)
![[SMM Análise do Meio-Dia do Níquel] Os preços do níquel tiveram uma recuperação significativa em 3 de setembro. Os dados de emprego ADP dos EUA em agosto vieram surpreendentemente fracos, esfriando levemente as apostas em um aumento de juros em setembro.](https://imgqn.smm.cn/usercenter/qLeLR20251217171733.jpg)
