SMM #1 Refined Nickel Prices Increase by 750 Yuan/MT on April 22

Published: Apr 22, 2026 11:37
On April 22, SMM #1 refined nickel prices rose by 750 yuan/mt from the previous trading day. Spot premiums: Jinchuan #1 refined nickel averaged 1,950 yuan/mt, flat from the previous trading day; China's mainstream brand electrodeposited nickel ranged from -500 to 600 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.

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
[NPI Daily Review] Upstream and Downstream Divergence Gradually Narrowed, Market Activity Continued to Increase
1 hour ago
[NPI Daily Review] Upstream and Downstream Divergence Gradually Narrowed, Market Activity Continued to Increase
Read More
[NPI Daily Review] Upstream and Downstream Divergence Gradually Narrowed, Market Activity Continued to Increase
[NPI Daily Review] Upstream and Downstream Divergence Gradually Narrowed, Market Activity Continued to Increase
[SMM Daily Comment: Divergence Between Upstream and Downstream Gradually Narrowed, Market Activity Continued to Increase] April 22 — The SMM high-grade NPI upstream sentiment factor was 3.1, up 0.02 MoM, and the high-grade NPI downstream sentiment factor was 1.91, up 0.05 MoM.
1 hour ago
Shanghai Futures Exchange Approves Registration of Indonesian "DX-zwdx" Brand Electrolytic Nickel
3 hours ago
Shanghai Futures Exchange Approves Registration of Indonesian "DX-zwdx" Brand Electrolytic Nickel
Read More
Shanghai Futures Exchange Approves Registration of Indonesian "DX-zwdx" Brand Electrolytic Nickel
Shanghai Futures Exchange Approves Registration of Indonesian "DX-zwdx" Brand Electrolytic Nickel
Recently, the Shanghai Futures Exchange announced its approval for the registration of "DX-zwdx" brand electrolytic nickel (electrowinning process, Ni99.96) produced by PT CNGR DING XING NEW ENERGY, with a registered production capacity of 50,000 tons. Starting from the date of the announcement, this product can be used for the settlement of nickel futures contracts on the Shanghai Futures Exchange. The product is sourced from the IMIP Industrial Park in Central Sulawesi Province, Indonesia.
3 hours ago
[SMM Nickel Midday Review] Nickel Prices Fluctuated Upward on April 22 as Trump Announced Extension of Ceasefire Deadline
4 hours ago
[SMM Nickel Midday Review] Nickel Prices Fluctuated Upward on April 22 as Trump Announced Extension of Ceasefire Deadline
Read More
[SMM Nickel Midday Review] Nickel Prices Fluctuated Upward on April 22 as Trump Announced Extension of Ceasefire Deadline
[SMM Nickel Midday Review] Nickel Prices Fluctuated Upward on April 22 as Trump Announced Extension of Ceasefire Deadline
4 hours ago