SMM

On September 10, Jinchuan nickel was quoted at a premium of 1,700-1,900 yuan/mt, with an average of 1,800 yuan/mt, up 100 yuan/mt from the previous trading day. Norilsk nickel was quoted at a discount of 300 yuan/mt to a premium of 100 yuan/mt, with an average discount of 200 yuan/mt, up 50 yuan/mt from the previous trading day. On the morning of September 10, the futures market showed a volatile downward trend, but the spot premiums overall increased slightly from the previous working day. Nickel briquette prices were 119,300-119,600 yuan/mt, down 1,150 yuan/mt from the previous trading day. The price spread between nickel briquette and nickel sulphate was about 8,050 yuan/mt (nickel sulphate prices were higher by 8,050 yuan/mt compared to nickel briquette prices).