Nickel sulfate: On September 19th, the price of SMM battery grade nickel sulfate index was 31803/ton, an increase of 96 yuan/ton compared to the previous working day. The price of battery grade nickel sulfate was 31900-32400 yuan/ton, an increase of 100 yuan/ton compared to the previous working day. At present, some enterprises still have a demand for monthly replenishment orders, but the spot availability of nickel sulfate is low, making it difficult to purchase nickel sulfate. Therefore, there is still room for price improvement. The cost side remains strong with strong support. Fundamentals and cost support continue to strengthen, and nickel sulfate prices continue to rise 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