Weekly Nickel Sulphate Price Review And Forecast

Published: Jun 6, 2023 10:52

Source: SMM

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SHANGHAI, Jun 6 (SMM) –Nickel sulphate prices rebounded last week after several months of decline.

SHANGHAI, Jun 6 (SMM) –Nickel sulphate prices rebounded last week after several months of decline. The main reason is that the operating rates of ternary precursor manufacturers has increased significantly in June after strong recovery of e-bike market. Market inquiries were brisk. Supply was tight after previous output cuts or closures. The current prices are close to nickel sulphate producers’ costs, also contributing to the price rally.

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