Nickel Sulphate Prices Rebounded amid Improved Market Condition

Published: Aug 8, 2022 11:02

Source: SMM

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SHANGHAI, Aug 8 (SMM) – The prices of battery-grade nickel sulphate stood between 36,400-37,500 yuan/mt as of last Friday, up 1,050 yuan/mt from a week ago.

SHANGHAI, Aug 8 (SMM) – The prices of battery-grade nickel sulphate stood between 36,400-37,500 yuan/mt as of last Friday, up 1,050 yuan/mt from a week ago. A significant improvement in inquiries and low inventory encouraged nickel sulphate suppliers to raise their offers. Some downstream buyers who were short of raw materials rushed to stock up at higher prices amid bullish sentiment in the nickel sulphate market. The market prices are poised to climb further to 36,500-38,000 yuan/mt this week on the back of tight supply.

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