SHANGHAI, Jun 4 (SMM) – A nickel sulphate plant in Guangxi province was ordered to suspend for rectification as of Monday June 4, SMM learned. This is likely to reverse the domestic oversupply of nickel sulphate in the short term.
The plant accounted for 10% of domestic nickel sulphate output in China.
The shutdown, likely to last for at least a month, followed after officials of China's Ministry of Ecology and Environment spoke with local authorities on June 4 and urged them to intensify the central environmental review on previous environmental checks.
In addition, another nickel sulphate producer in Jiangmen of Guangdong province was required to close on environmental grounds several weeks ago.
Prices of nickel sulphate are expected to rise in the near term. Prices stayed at 26,500-28,500 yuan/mt as of June 4, from the end of May.
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