Group 1 - Shanghai SMM nickel premium is reported at +2000 CNY/ton, a decrease of 50 CNY, while imported nickel premium remains at +350 CNY/ton with no change, and electrolytic nickel premium is at +100 CNY/ton with no change [1] - The national nickel price list shows 1 nickel (Ni9990) prices ranging from 120,500 CNY/ton to 122,300 CNY/ton across various locations, with the highest price in Shanghai [2] - On July 17, the Shanghai nickel futures main contract closed at 119,880 CNY/ton, down 0.60%, with a trading volume of 85,829 lots [2] Group 2 - A fire incident occurred at Zhejiang Zhongneng's workshop, which has a monthly pure nickel production capacity of approximately 400 tons; however, the actual impact on pure nickel supply is limited as the fire has been extinguished [3] - As of July 17, LME nickel registered warehouse receipts total 194,832 tons, with 12,450 tons of canceled receipts, an increase of 2,412 tons, while nickel inventory decreased by 6 tons to 207,282 tons [3] Group 3 - According to Yide Futures research, domestic nickel iron prices have dropped to around 900 CNY/nickel point, leading to losses for many domestic iron factories; some downstream steel mills are reducing production due to profit concerns, while overall consumption is weak [4] - The report indicates that the recent decline in ore prices has lowered cost support, and the nickel price is expected to maintain a volatile trend in the short term, with attention on inventory changes [4]