Less Active Inquiry Activity in the Morning amid Stable Spot Prices of Pure Nickel

SHANGHAI, Feb 3 (SMM) - Jinchuan nickel premiums were quoted at 6,500-7,500 yuan/mt, with an average of ,7000 yuan/mt, up 500 yuan/mt from the previous trading day. NORNICKEL nickel was quoted at premiums of 6500-7,000 yuan/mt, with an average of 6750 yuan/mt, down 50 yuan/mt from a day ago. SHFE nickel prices fell slightly and the spot quotations remained stable. The inquiry activity was less active as the nickel prices surged in the morning. In terms of nickel briquette, the prices were 226,000-227,000 yuan/mt, an increase of 400 yuan/mt from a day ago. The nickel briquette prices were still higher than that of nickel sulphate, hence the spot transaction of nickel briquette was weak.