On November 7, the SMM #1 refined nickel price was 119,200–122,600 yuan/mt, with an average price of 120,900 yuan/mt, up 400 yuan/mt from the previous trading day. The quotation range for spot premiums of Jinchuan #1 refined nickel was 2,900–3,100 yuan/mt, with an average premium of 3,000 yuan/mt, up 150 yuan/mt from the previous trading day. The quotation range for spot premiums and discounts of mainstream domestic electrodeposited nickel was -150–300 yuan/mt.