》View SMM Nickel Quotations, Data, and Market Analysis
On January 7, the SMM battery-grade nickel sulphate index price was 26,391 yuan/mt, with the quotation range for battery-grade nickel sulphate at 26,000-26,940 yuan/mt. The average price rose slightly compared to the previous day.
Cost side, the transaction coefficients for high-grade nickel matte and MHP remained stable recently, while LME nickel prices rebounded slightly today to $15,200/mt (Ni contained), leading to a slight widening of spot cost support. Demand side, precursor plants have mostly completed January nickel salt inventory stocking, resulting in weak market inquiry activity. Supply side, salt plants maintained quotation coefficients on par with parity, with sentiment to stand firm on quotes prevailing. Finished product inventories at salt plants remained at low levels. Overall, under the backdrop of weak demand from both buyers and sellers, nickel sulphate prices are expected to remain stable.
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