[SMM Nickel Sulphate Daily Review] August 14, Spot Order Market Transactions Were Sluggish, Nickel Sulphate Prices Fell.

Published: Aug 14, 2026 13:17

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On August 14, the SMM battery-grade nickel sulphate average price declined.

Cost side, Indonesia nickel ore quota news caused disruptions, nickel prices dropped sharply, and spot production costs for nickel sulphate moved lower; Supply side, as costs remained high, some producers were willing to hold prices firm, while others with high inventory levels sought to sell to destock; Demand side, recently some downstream enterprises mainly relied on long-term contract supply, sentiment for building spot order inventories was weak, and acceptance of nickel salt prices was relatively low. On that day, the upstream nickel salt smelter's Willingness to Sell Sentiment Factor was 2.0, the downstream precursor plant's purchasing sentiment factor was 2.3, and the integrated enterprise sentiment factor was 2.3 (historical data can be accessed in the database).

Looking ahead, spot order market activity is expected to remain weak in the short term, and nickel sulphate prices are expected to stay under pressure overall.

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