SMM Nickel Price Series-SMM Nickel Sulfate Price

First, SMM price history: Shanghai Nonferrous Network (SMM) company has experienced more than 20 years of development since its establishment in 1999, and has become the largest information consulting and service organization in the domestic metal field. The price history of SMM dates back to 2000. In 2004, the traffic of domestic non-ferrous metal websites has ranked first. And cooperate with Bloomberg, Reuters and other international data platforms. SMM price in 2020 through the international IOSCO financial index standard to become the first domestic non-ferrous metals industry through the IOSCO standard third-party platform. The pricing of SMM is carried out in strict accordance with the process norms of IOSCO, and every inquiry and market feedback are recorded to ensure the openness, transparency and fairness of the price, as well as the credibility of SMM price.

II. SMM Origin of Nickel Sulfate Price (SMM Nickel Sulfate related Price Link: https://hq.smm.cn/nickel/1840): SMM started daily quotation for nickel sulfate in 2006 and continues to this day. SMM created one of the world's teacher Wei's quotation for more than 10 years. With the continuous growth of SMM nickel analysis team, SMM nickel group analysts continued to quote. Since 2006, the price methodology of SMM has been continuously improved and has been tested by the market. The SMM team has been consistent for more than 3700 working days. In August 2019, with the continuous increase in the demand for ternary batteries, the battery-grade nickel sulfate industry expanded, and the price difference between battery-grade and plating-grade nickel sulfate gradually appeared. SMM subdivided the price of nickel sulfate into battery-grade nickel sulfate (crystal) and electroplating grade nickel sulfate (crystal) to meet the market settlement demand.

SMM battery grade nickel sulfate price definition

Definition of SMM plating Grade Nickel Sulfate Price

SMM Nickel Sulfate (Crystal) Price trend Chart since 2006

For the historical price demand for nickel from 2006 to now, please contact Wu Chenyu, Deputy Director of Nickel stainless Steel Marketing Department: 021-51666916

3. SMM nickel sulfate standard units: enterprises that meet the requirements of SMM standard adoption units apply to join SMM standard adoption units, and through observation, enterprises that meet the requirements will eventually be added to the column of SMM nickel sulfate standard acquisition units. SMM selects standard-adopting units according to strict standards, and forms a relatively stable list of standard-adopting units. In order to ensure the smooth development of the standard adoption work, SMM will sign a formal agreement with each standard adoption unit to ensure that the price data information is accurate and timely. At the same time, protect the corporate secrets of the standard-adopting units. SMM arranges the full-time price analyst to adopt the standard from the full-time contact person arranged by the bid-adopting unit and communicate with the market situation related to the price data and information. SMM will continuously evaluate each standard-adopting unit according to the above criteria and adjust the list of standard-adopting units according to the evaluation results. For those units whose evaluation results do not meet the above criteria, SMM will include them in the list to be rectified and notify them to make corrections within a time limit. If, within 30 days after the notice of rectification is issued, the bid-adopting unit refuses to make rectification or does not meet the standards after rectification, SMM will terminate the qualification of its bid-adopting unit. In addition to the bidding units mentioned in the following list, SMM will also adopt bids from other market participants. As of April 1, 2022, SMM nickel sulfate bidders include:

Nature

Enterprise name

Smelting

Jilin Jilin Nickel Co., Ltd.

Smelting

Zhejiang Huayou Cobalt Co., Ltd.

Smelting

Guangxi Yinyi New material Co., Ltd.

Smelting

Chizhou Xian New material Technology Co., Ltd.

Smelting

Jingmen Gingmei New material Co., Ltd.

Downstream

Hunan Bangpu Circular Technology Co., Ltd.

Downstream

Hunan Zhongwei New material Co., Ltd.

Downstream

Beijing Dangsheng material Technology Co., Ltd.

Downstream

Hunan Shanshan Energy Co., Ltd.

4. SMM Nickel Sulfate Price use: SMM Nickel Sulfate Price (Crystal) is not only the settlement price of domestic nickel sulfate buyers and sellers, but also one of the metal prices directly settled by precursor plant, ternary cathode factory and ternary battery factory. Others include SMM cobalt sulfate (≥ 20.5% / domestic), SMM battery grade manganese sulfate (ex-factory price), SMM battery grade lithium carbonate (99.5% battery grade / domestic), SMM lithium hydroxide (56.5% battery grade coarse particles / domestic). At present, more than 90% of domestic precursor enterprises use SMM nickel sulfate price for settlement. Specific usage of SMM Nickel Sulfate Price settlement in the transaction process:

1. Nickel salt plant and precursors:

Battery grade nickel sulfate monthly average price / low range monthly average price (+ rising water) or SMM battery grade nickel sulfate monthly average price / low monthly average price * discount factor

two。 Precursors and positives:

[SMM battery grade nickel sulfate monthly average price / low range monthly average price * discount factor * unit consumption + SMM cobalt sulfate monthly average price * discount factor * unit consumption + SMM manganese sulfate (aluminum) monthly average price * discount factor * unit consumption] + processing fee

3. Cathode and Battery Factory:

[SMM battery grade nickel sulfate monthly average price / low range monthly average price * discount factor * unit consumption + SMM cobalt sulfate monthly average price * discount factor * unit consumption + SMM manganese sulfate (aluminum) monthly average price * discount factor * unit consumption + SMM lithium carbonate (or lithium hydroxide) * discount factor * unit consumption + processing fee

Remarks: the average monthly price is mostly M-month or M-January.