》View SMM Nickel Quotes, Data, and Market Analysis
On August 12, the average SMM battery-grade nickel sulphate price held steady.
Cost side, news on Indonesian nickel ore quotas was volatile, nickel prices overall consolidated on a weak note, and spot production costs for nickel sulphate declined; Supply side, the tight supply pattern for intermediate products remained unchanged, MHP payables and prices of auxiliary materials like sulphuric acid were still at high levels, and in the face of a rebound in nickel prices, some enterprises showed willingness to hold prices firm; Demand side, recently downstream enterprises primarily relied on long-term contracts for supply, sentiment for building inventory through spot orders was relatively weak, and acceptance of nickel salt prices was relatively low. Today, the Willingness to Sell Sentiment Factor for upstream nickel salt smelters was 1.9, the Procurement Sentiment Factor for downstream precursor plants was 2.3, and the Sentiment Factor for integrated enterprises was 2.3 (historical data can be accessed by logging into the database).
Looking ahead, near-term spot order market activity is expected to be relatively weak, and nickel sulphate prices are expected to be under pressure overall.
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![[SMM Nickel Intermediate Products Daily Review] August 12: MHP and High-Grade Nickel Matte Prices Decline](https://imgqn.smm.cn/usercenter/WYeHX20251217171733.jpg)
