Supported by costs, nickel sulphate prices stabilised but will barely rise amid weak demand

Published: Jul 2, 2024 17:54

Source: SMM

Save

On July 2, the current nickel sulphate prices have shown a stable trend, primarily as nickel sulphate plants held narrower room for price concessions supported by costs.

On July 2, the current nickel sulphate prices have shown a stable trend, primarily as nickel sulphate plants held narrower room for price concessions supported by costs. Nickel sulphate plants have cut production to reduce inventory. However, due to the overall weak demand from precursors in July, nickel sulphate prices will barely rebound. In the short term, the prices are expected to hold stable.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

23 hours ago

[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.

Affected by macro sentiment, MHP and high-grade nickel matte prices declined this week.

23 hours ago

[SMM Analysis] The market experienced panic selling this week, and nickel prices plummeted.

23 hours ago

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

23 hours ago