On October 16, the SMM battery-grade nickel sulfate index price was 32,236 yuan/ton, an increase of 36 yuan/ton from the previous working day. The price of battery-grade nickel sulfate was 32,100-33,000 yuan/ton, and the average price was 32,100-33,000 yuan/ton. day was flat. Market activity was still weak at the beginning of the week, with a strong wait-and-see attitude among upstream and downstream players. The current supply and demand of nickel sulfate are weak, and there is no change in today's quotation.
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)

