[SMM Daily Review of Nickel Sulphate] May 27: Nickel salt prices remained stable

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On May 27, the SMM index price for battery-grade nickel sulphate was 27,812 yuan/mt, with a quotation range of 27,760-28,270 yuan/mt for battery-grade nickel sulphate. The average price remained stable WoW.

Cost side, LME nickel returned to fundamental factors, showing a weak performance, leading to a slight decline in the production costs of nickel salt smelters. Demand side, the overall demand for nickel salt in June is expected to strengthen MoM. Recently, precursor plants have shown significantly increased activity in inquiring about nickel salt prices, with enhanced purchase willingness. Supply side, some nickel salt smelters have maintained stable quotations, while others have raised their quotation coefficients due to increased demand and limited raw material inventory. Looking ahead, next week is a traditional procurement period. Considering factors such as the expected market demand recovery in June and the cost support for nickel salt, it is anticipated that nickel salt prices will rise next week.

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