SMM

On September 26, Jinchuan nickel was quoted at a premium of 1,700-1,800 yuan/mt, with an average of 1,750 yuan/mt, up 50 yuan/mt from the previous trading day. Norilsk nickel was quoted at a discount of 300-200 yuan/mt, with an average of 250 yuan/mt, down 50 yuan/mt from the previous trading day. On the morning of September 26, the futures market fluctuated, and spot premiums widened compared to the previous working day. Nickel briquette prices were 127,550-127,750 yuan/mt, up 675 yuan/mt from the previous trading day. The price spread between nickel briquette and nickel sulphate was about 1,336 yuan/mt (nickel sulphate prices were 1,336 yuan/mt lower than nickel briquette prices).