SMM Battery-Grade Nickel Sulphate Price Rises 10 Yuan/mt on June 15

The global stainless steel market navigated a series of sharp sentiment. The opening weeks saw Indonesia's mill closures and price hikes push the cost narrative to its highest point of the year, before a combination of easing geopolitical tensions triggered the first price reduction since December 2025. The month's defining characteristic was similar to April's. What differentiated May was the sharply higher amplitude of both the policy signals and the emotional swings that accompanied them.

[SMM Nickel News] June 15 update: Floor trading still mainly adopts the futures average price plus premium model, and spot cargo liquidity is tightening. Overall, with futures stabilizing and market sentiment recovering, suppliers' willingness to hold prices firm is strengthening, but downstream procurement pace is cautious, and landing of high-priced supply still faces resistance. In the short term, the market may continue the trend of firm offers and mild trading game.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 15 Jun , 2026