Nickel sulfate: On October 11, the SMM battery-grade nickel sulfate index price was 32,202 yuan/ton, which was 1 yuan/ton lower than 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. On the supply side, spot goods are tight and salt factories are worried about the supply of raw materials, so there is a phenomenon of goods being held back. On the demand side, inquiry activity has weakened, and the wait-and-see attitude is strong. The current supply and demand of nickel sulfate are weak, and the market activity is lower than before.

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