View SMM Nickel Quotations, Data, and Market Analysis
On March 27, the SMM battery-grade nickel sulphate index price was 28,023 yuan/mt, with the quotation range for battery-grade nickel sulphate at 27,970-28,550 yuan/mt, and the average price remained stable compared to the previous day.
Cost side, the MHP market circulation remains tight, with most traders' inventories nearing depletion. Recently, the MHP transaction coefficient has shown an upward trend, with no downward momentum in the short term. In terms of nickel sulphate auxiliary materials, the rise in sulphuric acid prices has driven an increase in MHP costs. Supply side, affected by the rising MHP prices, some nickel salt smelters have limited acceptance and have not yet completed MHP stockpiling for Q2, with expectations for production cuts. Nickel salt smelter inventories remain at low levels, and the market circulation of nickel salt is significantly tight, leading to a strong sentiment among nickel salt smelters to stand firm on quotes. Demand side, this week, as a traditional procurement period, precursor plants will focus on stockpiling, and the acceptance of nickel sulphate prices has improved. Currently, buyers and sellers are still in a price negotiation phase, and nickel sulphate prices are expected to have upside room in the short term.
View SMM Nickel Product Spot Quotations
Order and View SMM Metal Spot Historical Price Trends
[For more content, subscribe to SMM Nickel Research Group products "China Nickel-Chromium-Stainless Steel Industry Chain Regular Report" and "China Nickel-Chromium-Stainless Steel Industry Chain High-End Report" to obtainthe latest data analysis and market insights on nickel ore, NPI (China + Indonesia), refined nickel, nickel sulphate, chrome ore,ferrochrome, and stainless steel (China + Indonesia)!]
