Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / Nickel Sulfate Prices Maintain Upward Recently

Nickel Sulfate Prices Maintain Upward Recently

Sep 8, 2023 12:11

Source:SMM

Nickel sulfate prices maintain an upward trend.

Nickel sulfate: [SMM Daily Review: Cost and fundamental support remain, nickel sulfate prices rose slightly today] On September 7, the SMM battery grade nickel sulfate index price was 31,427/ton, an increase of 118 yuan/ton from the previous working day. , the price of battery-grade nickel sulfate is 31,400-31,800 yuan/ton, an increase of 100 yuan/ton from the previous working day. Currently, there is still demand for procurement at the precursor end and electro-nickel end. Nickel salt production companies are still weak in their willingness to ship because prices are still hovering near the cost line. The current fundamentals still support nickel sulfate prices. The cost side remains relatively high. Nickel sulfate prices maintain an upward trend.

Written by SMM Nickel Research, if you have any questions about the nickel market, please don't hesitate to talk with me Fancyli@smm.cn

Nickel sulfate

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

In July 2024, Indonesia's nickel hydrometallurgy intermediate products output was 22,600 mt in metal content, down 12.06% MoM, up 79.37% YoY, with a cumulative YoY increase of 104.78%.

Aug 6, 2024 18:32

Analysis

Interpreting Global Nickel and Indonesia Stainless Steel Industries: Supply-Demand Dynamics and Outlook"Stainless Steel Industries

"Interpreting Global Nickel and Indonesia Stainless Steel Industries: Supply-Demand Dynamics and Outlook"Stainless Steel Industries**

May 8, 2024 18:23

Analysis

SMM Nickel Market Morning Comment Fully (Mar 22)

Overnight, the most-traded SHFE nickel contract opened at 136,360 yuan/mt, and closed at 137,980 yuan/mt, down 1,420 yuan/mt. Trading volume fell by 11,347 lots, and open interest decreased by 1,885 lots. From a macro perspective, the Fed announced yesterday evening that the March interest rate range will remain unchanged. 10 Fed officials expected the interest rate to fall by at least 75 basis points by the end of this year. However, Powell said that the possibility of a rate cut in May is still small. Fundamentally, the progress of nickel ore approval accelerated. The market's expectations for tight supply of raw materials began to weaken, so the prices fell sharply in the afternoon. In addition, according to SMM research, the tight output of intermediate products is expected to ease in April. Nickel price is expected to go down.

Mar 22, 2024 09:51

Industry

SMM Nickel Market Morning Comment Fully (Mar 21)

Overnight, the most-traded SHFE nickel contract opened at 137,000 yuan/mt, and closed at 136,560 yuan/mt, down 900 yuan/mt. Trading volume fell by 73,375 lots, and open interest decreased by 7,544 lots. On the macro front, the number of Americans filing for unemployment benefits stood at 209,000 in the week ending Mar 9, lower than the market forecast and previous value, indicating that the US job market recovered. Fundamentally, Indonesia said that it had completed the approval of 107 companies, and the progress of nickel ore approval accelerated. The market's expectations for tight supply of raw materials began to weaken, so the prices fell sharply in the afternoon. In addition, according to SMM research, the tight output of intermediate products is expected to ease in April. Nickel price is expected to go down.

Mar 21, 2024 10:14

Industry

The losses of nickel salt plants deepened last week

There's a shortage of MHP supply, with limited circulation.

Mar 19, 2024 00:32

Analysis SMM Comments

The losses of nickel salt plants deepened last week

Stainless steel futures fluctuate in a narrow range! Nickel sulphate trading activity is low.

On February 5, the opening price of the main Shanghai nickel contract was 126,870 yuan/ton and the closing price was 124,860 yuan/ton, down 1,570 yuan/ton from the closing price of the previous trading day. Intraday trading was stronger than the previous trading day, with a volume increase of 70,756 lots and an increase of 5,982 lots.

Feb 6, 2024 14:54

Industry

Nickel Sulfate Market Weak

From the perspective of downstream precursors, there is currently no obvious raw material gap, and the price of nickel sulfate is still at a relatively high level, so there is a strong wait-and-see attitude. The current market activity is weak.

Oct 19, 2023 14:33

Analysis Industry

Nickel Sulfate Supply and Demand Weak

Market activity was still weak at the beginning of the week, with a strong wait-and-see attitude among upstream and downstream players. The current supply and demand of nickel sulfate are weak, and there is no change in today's quotation.

Oct 17, 2023 11:02

Analysis Industry

Nickel Sulfate Spot Supply Holds Tight

On the supply side, spot goods are tight and salt factories are worried about raw material supply problems, so there is a phenomenon of holding back the goods, and the mentality of supporting prices is getting stronger. On the demand side, downstream inquiries are active, but transaction activity is weak. The psychological price gap between upstream and downstream has widened again.

Oct 11, 2023 10:57

Analysis Industry

Nickel Sulfate Price Rose

The current fundamentals and costs still support the price of nickel sulfate, and the price of nickel sulfate rose slightly today.

Sep 12, 2023 11:09

Analysis Industry

SMM Events & Webinars

All

Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China
Apr
16
- CLNB 2025 (10th) China International New Energy Industry Expo
  Apr 16 - 18,2025
  Suzhou International Expo Center, Jiangsu, China

Nickel Sulfate Prices Maintain Upward Recently

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 (10th) China International New Energy Industry Expo