Profits of Nickel Salt Enterprises Began to Grow

Published: May 22, 2023 16:15

Source: SMM

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As nickel sulphate prices stopped falling and nickel futures prices crashed last week, the profits gained by nickel salt producers finally improved, encouraging the companies to raise their operating rates.

SHANGHAI, May 22 (SMM) - As nickel sulphate prices stopped falling and nickel futures prices crashed last week, the profits gained by nickel salt producers finally improved, encouraging the companies to raise their operating rates. Orders received by the upstream companies increased accordingly. The nickel sulphate supply and demand have reached a balanced state. If the demand rises further, the nickel sulphate enterprises will gain more profits.

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