Spot Premiums/Discounts: The mainstream premium for Jinchuan #1 nickel was quoted at 2,800-3,000 yuan/mt, with an average of 2,900 yuan/mt, unchanged from the previous trading day. The premium for Norilsk nickel was -400- 0 yuan/mt, with an average of -200 yuan/mt, up 50 yuan from the previous trading day.
Futures Market: On December 2, SHFE nickel prices fluctuated downward in the morning and then slightly rebounded. The midday closing price fell by 1,480 yuan/mt to 125,690 yuan/mt, a decrease of 1.16%.
Spot Market: Nickel prices fluctuated at low levels during the day. Although futures prices were low, the morning premiums for Jinchuan brand nickel remained largely stable without significant increases. Morning transactions slightly improved, and the discounts/premiums for electrodeposited nickel and Norilsk nickel slightly increased. The premium for Nikkelverk nickel and Sumitomo nickel remained largely stable.
Nickel briquette prices were 124,400-125,000 yuan/mt (out of stock), down 2,425 yuan/mt from the previous trading day.
