[SMM Nickel Sulphate Daily Review] On January 3, Nickel Salt Prices Remained Stable

》View SMM Nickel Quotations, Data, and Market Analysis

On January 3, the SMM battery-grade nickel sulphate index price was 26,379 yuan/mt, with the quotation range for battery-grade nickel sulphate at 26,000-26,920 yuan/mt, and the average price remaining unchanged from the previous day.

Cost side, recent transaction coefficients for high-grade nickel matte and MHP remained stable, while LME nickel prices dropped back slightly today to $15,100/mt (Ni contained), leading to a slight contraction in spot cost support. Demand side, some inquiries and transactions have emerged in the market recently, but overall market activity remained at a low level. Supply side, salt plants continued to stand firm on quotes, with transaction coefficients remaining stable recently. Overall, under the backdrop of weak demand from both buyers and sellers, nickel sulphate prices are expected to remain stable.

》View SMM Nickel Products Spot Quotations

》Subscribe to View Historical Price Trends of SMM Metal Spot

【For more content, subscribe to SMM Nickel Research Group's products, including the "China Nickel-Chrome-Stainless Steel Industry Chain Regular Report" and the "China Nickel-Chrome-Stainless Steel Industry Chain High-End Report," to access the latest data analysis and market insights on nickel ore, NPI (China + Indonesia), refined nickel, nickel sulphate, chrome ore, ferrochrome, and stainless steel (China + Indonesia)!】

》Click to Subscribe to the SMM China Nickel Industry Chain Annual Report for Comprehensive and In-Depth Industry Chain Data, Survey Information, and SMM Professional Analysis