》View SMM Nickel Quotations, Data, and Market Analysis
On February 17, the SMM battery-grade nickel sulphate index price was 26,598 yuan/mt, with the quotation range for battery-grade nickel sulphate at 26,400-27,080 yuan/mt, and the average price remaining unchanged from the previous day.
Cost side, LME nickel prices have fluctuated recently. Demand side, some precursor plants still have stockpiling for February, while others plan to start purchasing nickel salts needed for March this week. Supply side, some nickel salt smelters have not yet resumed operations, and current smelter quotations remain largely unchanged from last week, with the spot order market remaining sluggish. Comprehensive analysis suggests that due to the sentiment to stand firm on quotes driven by smelters' losses and the persistent purchasing demand, prices are expected to strengthen slightly in the near term.
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