SMM

On November 13, Jinchuan nickel was quoted at a premium of 1,800-2,000 yuan/mt, with an average of 1,900 yuan/mt, remaining flat compared to the previous trading day. Norilsk nickel was quoted at a discount of 400-100 yuan/mt, with an average of 250 yuan/mt, down 50 yuan/mt from the previous trading day. On the morning of November 13, the futures market fluctuated downward, and the spot market premium changed little compared to the previous working day. Nickel briquette prices were 125,700-126,000 yuan/mt (out of stock), down 1,750 yuan/mt from the previous trading day. The price spread between nickel sulphate and nickel briquette was about 2,782 yuan/mt (nickel sulphate prices were 2,782 yuan/mt lower than nickel briquette prices).