Nickel Sulfate Market Weak

Nickel sulfate: On October 18, the SMM battery grade nickel sulfate index price was 32,234 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. day was flat. From the current supply side, as raw materials are still tight and prices are high, salt factories are reluctant to sell spot goods, and the mentality of raising prices still exists. From the perspective of downstream precursors, there is currently no obvious raw material gap, and the price of nickel sulfate is still at a relatively high level, so there is a strong wait-and-see attitude. The current market activity is weak.

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