The discounts of battery-grade nickel sulphate against first-grade nickel (nickel briquette) averaged 25,200 yuan/mt in April, widening from 7,900 yuan/mt in March.
The improvement in the demand for nickel sulphate to produce electrowinning nickel was short-lived. The prices of nickel sulphate thus fell.
In May, nickel salt prices are expected to maintain the downward trend, while nickel prices may drop only slightly due to weakening fundamentals. As such, the discounts may remain unchanged.
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