On June 25, SMM battery-grade nickel sulphate index price was 29,018 yuan/mt, down 104 yuan/mt from the previous working day. The battery-grade nickel sulphate prices were 28,800-29,200 yuan/mt, with the average price down 250 yuan/mt from the previous working day. The continuously faltering downstream demand and low nickel prices caused nickel sulphate manufacturers to make further concessions on prices, resulting in a rapid synchronous decline in both discount coefficients and prices. This week, entering the procurement period at the end of June, a few manufacturers started to inquire about prices, but transactions remained sluggish.



