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  [SMM Nickel Sulphate Daily Review] February 9th: Pre-Holiday Trading Remained Weak, Nickel Salt Prices Held Steady

  On February 9, the SMM battery-grade nickel sulphate index price was 31,646 yuan/mt, with the quotation range for battery-grade nickel sulphate at 31,400–32,500 yuan/mt, and the average price decreased compared to the previous day.

• The most-traded SHFE tin contract price rebounded on technical adjustments, while trading in the spot market turned sluggish. [SMM Tin Midday Review]

  [SMM Tin Midday Review: Most-Traded SHFE Tin Contract Price Rebounds on Technical Correction, Spot Market Trading Turns Sluggish]

• Some Downstream Enterprises on Holiday, Trading in SHFE Copper Spot Market Sluggish [SMM Shanghai Spot Copper]

  [SMM Shanghai Spot Copper] Tomorrow, spot premiums and discounts are expected to face downward pressure. During the day, copper prices rose slightly, suppressing downstream demand, and actual market transactions were sluggish; coupled with some suppliers offloading cargo, spot premiums and discounts dropped slightly. Supply side, some price-ratio locked cargoes due to earlier import arbitrage opportunities have arrived at ports for circulation, and subsequent arrivals need to be monitored. Short-term spot supply is expected to gradually increase. Demand side, as some downstream enterprises enter holidays and most top-tier enterprises have completed pre-holiday stockpiling, actual procurement demand shows a weakening trend.

• [NPI Daily Review] Price Spread Between Upstream and Downstream Widens, Pre-Holiday Market Sluggish with Few Transactions

  [SMM Daily Review: Widening Price Gap Between Upstream and Downstream Leads to Sluggish Pre-Holiday Market with Few Deals] February 9 (SMM) - The average price of SMM 10-12% high-grade NPI stood at 1,040 yuan/mtu (ex-factory, tax included), flat MoM from the previous working day.

• Silver Prices Stop Falling and Rebound, Spot Market Premiums Decline Slightly [SMM Daily Review]