On September 18, the SMM battery grade nickel sulfate index price was 31,707 yuan/ton, an increase of 75 yuan/ton from the previous working day. The battery grade nickel sulfate price was 31,800-32,100 yuan/ton, an increase of 200 yuan/ton from the previous working day. At present, the procurement demand of some enterprises still exists, but the spot availability is low, and nickel sulfate is difficult to obtain. The cost side is still strong and the support is strong. Currently, nickel sulfate is in a stage of low supply and high price, with strong fundamental support. The price of nickel sulfate has been increased 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