Spot Nickel Transactions Picks up Slightly Today amid Dropping SHFE Nickel Prices in Early Trading

SHANGHAI, Apr 24 (SMM) - On April 24, premiums of Jinchuan nickel were 4,400-4,800 yuan/mt. The average premium stood at 4,600 yuan/mt, down 300 yuan/mt from the previous trading day. NORNICKEL nickel was quoted at premiums of 4,500-4,600 yuan/mt, with an average of 4,550 yuan/mt, down 150 yuan/mt from a day ago. Today, the price difference between Jinchuan nickel and NORNICKEL nickel was narrow, but the spot trading picked up slightly amid the falling futures prices in the early trading. Nickel briquette prices were 187,900-188,900 yuan/mt, down 5,250 yuan/mt from the previous trading day. The nickel briquette transactions were slack as it was still traded at premiums over nickel sulphate.