[SMM Nickel Sulphate Daily Review], June 15, market transaction sentiment was mediocre, nickel salt prices saw a slight rise.

On June 15, the average price of SMM battery-grade nickel sulphate edged up slightly.

Cost side, the US-Iran conflict gradually released signals of winding down, non-ferrous metals rebounded somewhat, and spot production costs of nickel sulphate rebounded; supply side, the tight supply situation for intermediate products remained unchanged, MHP payables and prices of auxiliary materials such as sulphuric acid stayed high, and nickel salt smelter quotes stayed high; demand side, the procurement period ended, downstream purchasing sentiment pulled back, combined with relatively weak nickel prices, acceptance of nickel salt prices was relatively low. Today, the upstream nickel salt smelter's Willingness to Sell Sentiment Factor was 1.8, the downstream precursor plant's Purchasing Sentiment Factor was 2.5, and the integrated enterprise sentiment factor was 2.4 (historical data can be accessed by logging into the database).

Looking ahead, the tight supply of raw materials is expected to persist, nickel sulphate prices are expected to hold up well in the short term, but attention should be paid to the impact of nickel prices on cost support.

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