SMM

On November 14, Jinchuan nickel was quoted at a premium of 1,900-2,200 yuan/mt, with an average of 2,050 yuan/mt, up 150 yuan compared to the previous trading day. Norilsk nickel was quoted at a discount of 350-0 yuan/mt, with an average of 175 yuan/mt, up 75 yuan compared to the previous trading day. On the morning of November 14, the futures market fluctuated upward, and the spot market premium increased compared to the previous working day. Nickel briquette prices were 124,250-124,550 yuan/mt (out of stock), down 1,450 yuan/mt compared to the previous trading day. The price spread between nickel sulphate and nickel briquette was about 2,014 yuan/mt (nickel sulphate prices were 2,014 yuan/mt lower than nickel briquette prices).