In the spot market, on July 19, Jinchuan nickel premiums were quoted at 21,000-21,000 yuan/mt, with an average of 21,000 yuan/mt, up 500 yuan/mt from the previous trading day.

        SHANGHAI, July 19 (SMM) - In the spot market, on July 19, Jinchuan nickel premiums were quoted at 21,000-21,000 yuan/mt, with an average of 21,000 yuan/mt, up 500 yuan/mt from the previous trading day. NORNICKEL nickel was quoted at 12,500 -12,800 yuan/mt, and the average price was 12,650 yuan/mt, down 100 yuan/mt from the previous trading day. The spot premiums of pure nickel was flat, but the pure nickel spot prices rose as the nickel futures rebounded today. In terms of nickel briquette, the price of nickel briquette was 160,000-161,300 yuan/mt, up 9,450 yuan from yesterday, mainly because the premiums narrowed. In addition, as the economy effectiveness of nickel briquette was lower than intermediate products and nickel plates were currently the mainstream alloys raw materials nickel plate, the spot transaction of nickel briquette was poor.