[SMM Nickel Intermediate Product Daily Review] On August 31, MHP and high-grade nickel matte prices declined.
As of now, the FOB price of Indonesian MHP nickel is $14,993/mt Ni, and the FOB price of Indonesian MHP cobalt is $35,915/mt Co. The MHP payables (against the SMM battery-grade nickel sulphate index) are 85-86, and the MHP cobalt element payable indicator (against SMM refined cobalt (Rotterdam warehouse)) is 70. The FOB price of Indonesian high-grade nickel matte is $15,626/mt Ni.