》View SMM Nickel Quotes, Data, and Market Analysis
On June 30, the SMM battery-grade nickel sulphate index price stood at 27,192 yuan/mt, with the quotation range for battery-grade nickel sulphate at 27,200-27,600 yuan/mt. The average price remained stable WoW.
On the cost side, LME nickel prices rebounded due to broad-based non-ferrous metal price increases and oversold recovery. Overall, immediate production costs for nickel salts rose. From the supply side, some nickel salt smelters halted operations for maintenance due to losses, while others maintained stable quotations. On the demand side, precursor manufacturers reduced inquiry activity amid weak demand. This week, market transactions and inquiry activity remained subdued.
Looking forward, market sentiment is expected to drive nickel sulphate prices upward, but the magnitude of increase will still be constrained by sluggish downstream demand.
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