SHANGHAI, Jul 17 (SMM) – Producers of nickel sulphate hiked offers on Wednesday July 17 as rising prices of nickel grew costs.
Downstream consumers remained cautious about purchasing, except for some precursor mills who procured as demand due to low inventories of raw materials.
As of Wednesday July 17, offers of battery-grade nickel sulphate stood at 24,000-25,000 yuan/mt. Deals mostly occurred at 24,000 yuan/mt, up 1,500 yuan/mt from a week ago.
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