Nickel sulfate: On September 20, the SMM battery grade nickel sulfate index price was 31,949 yuan/ton, an increase of 146 yuan/ton from the previous working day, and the battery grade nickel sulfate price was 32,000-32,500 yuan/ton, an increase from the previous working day. 100 yuan/ton. There is still demand for nickel sulfate at the current electro-nickel end and precursor end, but the spot flux of nickel sulfate is low and nickel sulfate is difficult to buy, thus pushing up the price of nickel sulfate. The Indonesian government announced that it will no longer issue nickel ore quotas in 2023, and cost support may continue to strengthen. Fundamental and cost support are still strong, and there is still room for upward growth in nickel sulfate prices 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
![[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)
