On September 12, the SMM battery-grade nickel sulfate index price was 31,511 yuan/ton, an increase of 30 yuan/ton from the previous working day. The battery-grade nickel sulfate price was 31,500-32,000 yuan/ton, a lower price than the previous day. On working days, the price increased by 50 yuan/ton, and the high price increased by 150 yuan/ton from the previous day. The current downstream demand for nickel sulfate procurement still exists, but some nickel salt manufacturers have sold out their spot stocks in September, so the nickel salt factory's price support mentality continues to strengthen. At present, the cost of raw materials is high and the spot supply of finished products is tight, and the price difference between upstream and downstream prices is widening. The current fundamentals and costs still support the price of nickel sulfate, and the price of nickel sulfate rose slightly today.

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