Losses of Nickel Sulphate Production Using Various Raw Materials in April Weighed On Raw Material Prices

In April, the price coefficient of MHP against LME nickel rose before falling, down from 78% to 73%. While nickel prices moved at highs, nickel salt prices declined.

The profitability of nickel sulphate production continued to weaken amid falling nickel sulphate prices and the instability of LME nickel prices.

Some enterprises have suffered severe losses. In April, nickel sulphate enterprises cut output significantly, easing shortages of raw materials. Some nickel salt enterprises have gone so far as to sell raw materials, growing sales pressure of mining companies. This also weighed on the price of MHP.

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