[SMM Nickel Intermediate Product Daily Review] August 21: MHP and high-grade nickel matte prices decline, cobalt prices decline
As of now, the FOB price for Indonesian MHP nickel is $14,850/mt Ni and for Indonesian MHP cobalt is $40,287/mt Co. The MHP payables (vs. SMM battery-grade nickel sulphate index) stand at 83-84, while the MHP cobalt payable indicator (vs. SMM refined cobalt (Rotterdam warehouse)) is 78. The FOB price for Indonesian high-grade nickel matte is $15,478/mt Ni.