[SMM Analysis] Nickel Prices Plummeted Amid Sluggish Trading, Nickel Salt Prices Fell This Week

Published: Jun 11, 2026 12:02

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As of this Thursday, SMM battery-grade nickel sulphate average price declined slightly.

Demand side, the regular procurement period passed, coupled with the approaching semi-annual reports, downstream purchasing sentiment was overall weak, and acceptance of nickel salt prices was low; supply side, due to MHP payables and auxiliary material prices still staying at high levels, some producers had high spot costs, and nickel salt offers still stayed high. However, with nickel prices falling significantly, overall cost pressure improved somewhat. Looking ahead, the expectation of tight nickel sulphate raw materials has not improved, and attention should be paid to the cost support from nickel prices and intermediate products for nickel salt prices.

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