Nickel sulfate: On September 14, the SMM battery grade nickel sulfate index price was 31,529 yuan/ton, an increase of 1 yuan/ton from the previous working day, and the battery grade nickel sulfate price was 31,500-32,000 yuan/ton, which was the same as the previous working day. The current procurement of precursor companies is weaker than last week, and the pace of electrolytic nickel end procurement has also slowed down. Inquiries still exist, but the overall transaction activity has declined. The cost side is still strong and the support is strong. Currently, nickel sulfate is in a stage where it is difficult to rise or fall due to no significant increase in downstream demand but firm costs. Nickel sulfate prices remained stable 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