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[SMM MHP Daily Review] July 7: MHP prices in Indonesia rise slightly
Jul 7, 2025 13:32Source: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.
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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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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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