Against the backdrop of overcapacity, nickel sulphate producers generally maintained a strategy of producing based on sales this year. However, affected by tight raw material supply, SMM's nickel sulphate production deviated from the demand for nickel sulphate from ternary cathode precursors, resulting in a tight supply-demand pattern throughout the year. Reflected in prices, SMM battery-grade nickel sulphate prices showed strong performance during the seasonal recovery in demand.