Nickel Prices Drop, Spot Premiums Hit Annual High But May Soon Decline

[Nickel Prices Continue to Decline, Spot Premiums Break Through High Levels but Struggle to Stabilize]

Regarding spot premiums: Today, spot premiums for Jinchuan-brand nickel broke through the 4,000 mark, reaching an annual high. However, recently, a certain amount of exported Jinchuan-brand nickel plates has been re-imported into the domestic market. This may alleviate the short-term supply tightness of Jinchuan nickel. It is expected that the spot premiums for nickel plates may pull back in the near future.