Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Nickel price decline triggers bearish sentiment in the nickel sulfate market, with supply and demand tensions temporarily unchanged as transaction prices remain stable.

Nickel price decline triggers bearish sentiment in the nickel sulfate market, with supply and demand tensions temporarily unchanged as transaction prices remain stable.

Mar 29, 2024 11:47

Source:SMM

[SMM Nickel Sulfate Daily Review] On March 28th, the SMM battery-grade nickel sulfate index price was 30,653 yuan/ton, down 3 yuan/ton from the previous working day (due to automatic adjustment of weights).

The price range for battery-grade nickel sulfate was 30,500-31,000 yuan/ton, with an average price unchanged from the previous working day. Currently, the activity level of inquiries has weakened slightly, and procurement by precursor companies is nearing completion by mid-April. Transaction centers are relatively average. Affected by the fluctuation of nickel prices, downstream psychological price levels for nickel salt procurement have slightly decreased. However, due to the temporary unchanged supply and demand tensions for nickel salt, current transaction prices remain stable.

Nickel

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

Stainless steel consumption in China to improve during Q2-Q4 2020

Stainless steel consumption has improved significantly month-on-month in July, but remained weaker than the same period last year. Inventories extended declines, suggesting robust sales in major markets, but remained higher compared to July 2019, according to the recent SMM survey.

time

Jul 31, 2020 17:57

Stainless steel consumption in China to improve during Q2-Q4 2020

SMM Morning Comments (Jul 29): Shanghai base metals held onto overnight gains ahead of Fed rate decision

Those metals cruised higher across the board in overnight trading. Zinc surged 1.7%, aluminium climbed 1.4%, lead advanced 0.7%, copper gained 0.3% and tin edged up 0.2%, while nickel failed to fully recover from opening losses and was down 0.3%.

time

Jul 29, 2020 10:03

SMM Morning Comments (Jul 29): Shanghai base metals held onto overnight gains ahead of Fed rate decision

SMM Morning Comments (Jul 27): Base metals rose as China’s industrial profits growth quickened

LME nonferrous metals rose across the board on Monday morning, recovering from pullbacks on Friday caused by a flare-up in US-China tensions, as data showed an acceleration in China’s industrial profits growth in June.

time

Jul 27, 2020 10:05

SMM Morning Comments (Jul 27): Base metals rose as China’s industrial profits growth quickened

SMM Morning Comments (Jul 24): Shanghai base metals mostly lower following overnight strong rebound

SHFE nonferrous metals, except for nickel and tin, fell in early trade on Friday morning, as investors reacted to worsening US-China tensions and a sell-off in US markets overnight.

time

Jul 24, 2020 10:07

SMM Morning Comments (Jul 24): Shanghai base metals mostly lower following overnight strong rebound

SMM Evening Comments (Jul 16): Shanghai base metals fell across the board for two days, investors mulled China data

SHFE nonferrous metals fell across the board for the second consecutive day on Thursday July 16, as concerns over rising coronavirus cases and US-China tensions tempered optimism over a coronavirus vaccine.

time

Jul 16, 2020 19:00

SMM Evening Comments (Jul 16): Shanghai base metals fell across the board for two days, investors mulled China data

SMM Morning Comments (Jul 16): Shanghai base metals extended decline, copper led the losses and dipped more than 2%

SHFE nonferrous metals opened lower across the board on Thursday July 16, extending losses from last night, as investors risk aversion grew amid uncertainty over the coronavirus pandemic and US-China tensions.

time

Jul 16, 2020 10:00

SMM Morning Comments (Jul 16): Shanghai base metals extended decline, copper led the losses and dipped more than 2%

Exclusive: China's base metals output in June

China’s copper cathode output fell less than expected in June as a smelter delayed maintenance and as some smelters ramped up production after blister copper supply tightness eased.

time

Jul 10, 2020 18:42

Exclusive: China's base metals output in June

SMM Morning Comments (Jul 7): Shanghai base metals mostly retreated following solid gains overnight

Shanghai nonferrous metals, except for copper and lead, traded slightly lower on Tuesday morning, as caution returned to markets following strong performance overnight amid a broad-based bullish sentiment.

time

Jul 7, 2020 09:50

SMM Morning Comments (Jul 7): Shanghai base metals mostly retreated following solid gains overnight

SMM Morning Comments (Jul 3): Shanghai base metals mixed following better-than-expected US jobs data

In overnight trading, nonferrous metals on the SHFE traded mostly higher. Nickel jumped 1.1% to lead the way higher, tin climbed 0.8%, copper gained 0.3% and zinc advanced 0.2%, while aluminium stayed flat. Lead shed 0.6%.

time

Jul 3, 2020 10:06

SMM Morning Comments (Jul 3): Shanghai base metals mixed following better-than-expected US jobs data

SMM Evening Comments (Jul 1): SHFE base metals closed mostly higher on upbeat economic data

Copper and aluminium extended their overnight gains to both end more than 1.6% higher, lead erased some of earlier gains to close 0.5% higher, while tin reversed an earlier slip to settle 0.3% firmer. Zinc and nickel, meanwhile, both shed more than 0.7%, failing to claw back overnight losses.

time

Jul 1, 2020 17:39

SMM Evening Comments (Jul 1): SHFE base metals closed mostly higher on upbeat economic data

SMM Events & Webinars

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

MOST POPULAR

1.Benchmarking Analysis Of the Development Direction Of MHP And Nickel Matte

2.Technical Due Diligence Survey Of Nickel Product Unit

3.Long-term Price Forecast Of Nickel Industry

4.Feasibility Study Of Nickel Industry Investment

5.Indonesia Ni Industry Analysis

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.