Nickel Sulfate Prices Stable Today

On October 24, the SMM battery-grade nickel sulfate index price was 32,109 yuan/ton, the same as the previous working day. The battery-grade nickel sulfate price was 32,000-33,000 yuan/ton, and the average price was the same as the previous working day. Although nickel prices have fallen, the high raw material coefficient has caused salt factories to still maintain a price-supporting mentality. On the downstream precursor side, the current wait-and-see attitude is still heavy. Some companies offer lower prices, and the price gap with the upstream psychological price still exists. The current market activity is still weak, and today's quotations are temporarily stable.

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