SMM

On September 9, Jinchuan nickel was quoted at 1,600-1,800 yuan/mt, with an average of 1,700 yuan/mt, representing an increase of 200 yuan/mt compared to the previous trading day. Norilsk nickel was quoted at a discount of 500-0 yuan/mt, with an average of 250 yuan/mt, showing a decrease of 150 yuan/mt compared to the previous trading day. On the morning of September 9, the futures market fluctuated downward, but the spot premiums slightly increased compared to the previous working day, and trading activity in the spot market was relatively strong, with active purchasing downstream. The nickel briquette prices were 120,500-120,700 yuan/mt, down 1,350 yuan/mt compared to the previous trading day. The price spread between nickel briquette and nickel sulphate was approximately 7,582 yuan/mt (nickel sulphate prices were 7,582 yuan/mt higher than nickel briquette prices).