SHANGHAI, Mar 30 (SMM) – Nickel sulphate prices have experienced great volatility over the past two months.
In January, nickel sulphate prices ended its downward trend following news that one company began to produce electrodeposition nickel with nickel sulphate.
In February, nickel sulphate was highly sought after, sending its prices soaring. Growing demand drove nickel salt plants to ramp up production.
However, demand in new energy vehicle market recovered not as strongly as expected, and rising nickel sulphate prices suppressed the buying interest of ternary precursor plants. As a consequence, nickel sulphate prices began to go down at the end of March amid supply-demand imbalance.
In view of tepid demand recovery in NEV market, SMM believes that nickel sulphate prices will still have downside room in the short term.

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