[SMM Spot Copper] There was no significant outflow of warrants in the morning, but suppliers were concerned that subsequent warrant outflows would hit spot premiums. Today, there was a noticeable rush to sell. It is expected that after warrants flow out tomorrow, there will be further downside room for spot premiums.
[SMM MHP Daily Review] June 18: MHP prices in Indonesia slightly decline
As of now, the MHP coefficient (relative to the SMM battery-grade nickel sulphate index) ranges from 83.5% to 84%, and the FOB price of Indonesian MHP is $12,526/mt Ni.