Profits of Nickel Sulphate Companies Shrink Further on Dropping Finished Product Prices

SHANGHAI, Apr 3 (SMM) - Nickel sulphate companies suffered losses on falling nickel sulphate prices last week. Some liquid nickel sulphate companies shipped at losses due to inventory pressure. According to SMM survey, the profit margin of nickel sulphate companies which produce with MHP was about 0.4%. The prices did not crash with the support of costs. Spot nickel sulphate inventory carried by the companies rose amid the shrinking demand, which imposed huge financial pressure on some manufacturers. It is expected that nickel sulphate will be traded at lows in the short term.