LME Nickel to Rise (2017-8-29)

The European Union has formally clarified the documentary requirements for identifying the “melt and pour country” of imported steel products. From October 1, 2026, importers will be required to declare and substantiate where the original steel was first melted and poured, generally through a Mill Test Certificate containing the melt and pour country and heat number.

Since August, the SMM battery-grade nickel sulphate CIF China price generally remained around $3,700/wmt, while after entering the late month, Chinese buyers' purchase inquiries for South Korean nickel sulphate increased significantly, and their purchasing initiative strengthened. However, this change did not yet translate into a clear recovery in ternary downstream demand. Whether the market could continue to improve in the future still depended on whether relevant inquiries could be converted into actual transactions, and whether there was a substantial rebound in the production of precursors and cathode materials in China and South Korea.

SMM의 배터리급 니켈 황산염(Nickel Sulphate) CIF 중국 가격은 8월에 톤당 약 3,700달러 수준에서 대체로 안정세를 유지했으며, 월말로 갈수록 한국산 소재에 대한 중국 측 매수 문의가 더욱 활발해졌다. 그러나 강화된 구매 활동이 아직 삼원계 하류 수요의 뚜렷한 회복으로 이어지지 못하고 있어, 이러한 개선세의 지속 가능성은 실제 전구체 및 양극재 생산 증가에 달려 있다.