Refined nickel producers begin to make inquiries about nickel sulphate after the price differential between the two has spiked

Despite a minor decline in nickel prices, the drop in nickel sulphate was more significant, leading to an expansion of the price difference between nickel sulphate and pure nickel to around 15,000 yuan/mt. However, the actual transaction price difference in the spot market is even larger, primarily due to the continuous decrease in the nickel sulphate coefficient. According to SMM research, refined nickel companies are currently inquiring about nickel salt prices due to a price difference exceeding 10,000 yuan/mt.