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Home / Metal News / Offers of nickel sulphate follow nickel prices higher

Offers of nickel sulphate follow nickel prices higher

Jul 17, 2019 15:00

Source:SMM

Trades of nickel sulphate mostly occurred at 24,000 yuan/mt, up 1,500 yuan/mt from a week ago

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.

Market commentary

Nickel sulphate

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Offers of nickel sulphate follow nickel prices higher

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