Nickel sulfate: On October 10, the SMM battery-grade nickel sulfate index price was 32,203 yuan/ton, an increase of 21 yuan/ton from the previous working day. The battery-grade nickel sulfate price was 32,100-33,000 yuan/ton, and the average price was 32,100-33,000 yuan/ton. The price will be increased by 100 yuan/ton per day. On the supply side, spot goods are tight and salt factories are worried about raw material supply problems, so there is a phenomenon of holding back the goods, and the mentality of supporting prices is getting stronger. On the demand side, downstream inquiries are active, but transaction activity is weak. The psychological price gap between upstream and downstream has widened again.

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