Nickel prices fluctuated at a low levels last week. The market quotations of battery-grade nickel sulphate was slightly lowered to 35,000-36,000 yuan/mt. The cost of dissolving nickel beans into nickel sulphate was more effective at 28,000-30,000 yuan/mt. However, the dissolution capacity was limited, and the supply of nickel sulphate was tight, which had slowed down the fall in spot prices. The actual transaction prices last week were between 34,500-35,000 yuan/mt. The transactions were scarce as the buyers and sellers were standing sideline.
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