In an environment where both buyers and sellers exhibit weak demand, nickel sulphate prices are expected to remain stable.

On December 26, the SMM battery-grade nickel sulphate index price was 26,377 yuan/mt, and the quotation range for battery-grade nickel sulphate was 26,000-26,920 yuan/mt, with the average price remaining unchanged from the previous day.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Dec 25, 2024

[SMM Daily Review: High-Grade NPI Market Transactions Remain Sluggish, Prices Still Under Pressure in the Short Term] December 26—The SMM 8-12% high-grade NPI average price is 940 yuan/mtu (ex-factory, tax included), unchanged from the previous working day...

Futures Market: LME copper was closed overnight. The most-traded SHFE copper 2502 contract opened at 74,180 yuan/mt overnight, initially hitting a high of 74,210 yuan/mt before fluctuating downward to an intraday low of 74,070 yuan/mt.

[12.26 Morning Meeting Summary] Refined Nickel Spot Premiums/Discounts: Mainstream spot premiums for Jinchuan No. 1 nickel were quoted in the range of 4,000-4,400 yuan/mt, with an average premium of 4,200 yuan/mt, down by 200 yuan compared to the previous trading day. Russian nickel premiums/discounts were quoted in the range of -200 to 0 yuan/mt...

The mainstream spot premiums for Jinchuan #1 nickel were 4,000-4,400 yuan/mt, with an average of 4,200 yuan/mt, down 200 yuan compared to the previous trading day.

[SMM Daily Review: Market Trading Activity Remains Weak, High-Grade NPI Prices Under Pressure] December 25—SMM 8-12% high-grade NPI average price is 940 yuan/mtu (ex-factory, tax included), unchanged from the previous working day...

On December 25, stainless steel futures slightly declined again, but spot prices did not follow the drop further.

On December 25,  SMM battery-grade nickel sulphate index price was 26,373 yuan/mt, and battery-grade nickel sulphate prices were 26,000-26,920 yuan/mt, with the average price rising slightly compared to the previous day.