[nickel sulfate market] the demand for battery-grade nickel sulfate has not improved in June. Some manufacturers have stopped production, reduced production or switched to other nickel salts.

SMM, June 5th,

In the near future, the mainstream transaction price of battery-grade nickel sulfate market is in the range of 23000 Mill 23500 yuan / ton. Since June, the premium of battery-grade nickel sulfate over first-grade nickel (mainly nickel beans and powder) has dropped significantly, with a premium of 3868 yuan / metal ton over first-grade nickel in the first week of June. It can not cover the processing cost of using nickel beans / powder to produce liquid nickel sulfate in the precursor factory. Although the lower premium of battery-grade nickel sulfate than first-grade nickel (mainly nickel beans and powder) helps to increase the amount of nickel sulfate purchased by the precursor plant, but because the terminal consumption is still weak, Sales of battery-grade nickel sulfate are still dismal. Although overseas car companies in Europe and the United States have gradually resumed work, the demand has not yet been transmitted to domestic precursor plants and nickel sulfate plants, and due to the high inventory of material factories downstream of the domestic market, the procurement volume has not increased due to the resumption of work by car enterprises, and the operating rate of precursor enterprises has decreased accordingly. Due to the poor market of battery-grade nickel sulfate, some nickel sulfate plants choose to stop production, reduce production or switch to other nickel salts (nickel chloride, nickel oxide).

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