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Home / Metal News / [SMM MHP Daily Review] July 7: MHP prices in Indonesia rise slightly

[SMM MHP Daily Review] July 7: MHP prices in Indonesia rise slightly

iconJul 7, 2025 13:32
Source:SMM
As of now, the MHP coefficient (relative to the SMM battery-grade nickel sulphate index) ranges from 83.5% to 84%, and the FOB price of Indonesian MHP is $12,512/mt Ni.

》Check SMM nickel quotes, data, and market analysis

As of now, the MHP coefficient (relative to SMM battery-grade nickel sulphate index) stands at 83.5%-84%, with Indonesian MHP FOB prices at $12,512/mt Ni.

Supply side analysis shows tight market liquidity for MHP recently, with some traders reporting exhausted available volumes. Affected by policy changes in DRC, the quoted cobalt coefficient in certain traders' MHP has risen. Demand side, some nickel salt smelters conducted inquiries this week, though overall purchasing sentiment remains weak. With market supply-demand tensions persisting, prices are expected to stabilize in the short term.

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[For more content, subscribe to SMM Nickel Research Team's "China Nickel-Chrome-Stainless Steel Industry Chain Regular Report" and "China Nickel-Chrome-Stainless Steel Industry Chain Premium Report" to obtain latest nickel ore, NPI (China+Indonesia), refined nickel, nickel sulphate, chrome ore, ferrochrome, and stainless steel (China+Indonesia) data analysis and market insights! ]

》Click to subscribe SMM China Nickel Industry Chain Annual Report for comprehensive industry chain data, survey information, and SMM's professional analysis

 

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