[SMM MHP Daily Review] July 8: Indonesian MHP prices decline slightly

As of now, the MHP coefficient (relative to the SMM battery-grade nickel sulphate index) stands at 83.5%-84%, with Indonesian MHP FOB prices at $12,506/mt Ni.

Supply side analysis indicates tightening MHP market liquidity recently, with some traders reporting exhaustion of available inventory. Affected by policy adjustments in the DRC, quotation coefficients for cobalt content in MHP from certain traders have risen. Demand side shows weakened procurement sentiment overall, despite some nickel salt smelters placing inquiries this week. With supply-demand tightness persisting, the market is expected to remain stable in the short term.

》View SMM Nickel Product Spot Quotes

》Subscribe to Access SMM Metal Spot Price HistoryZ6/>[For more insights, 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 data analysis and market interpretations for nickel ore, NPI (China+Indonesia), refined nickel, nickel sulphate, chrome ore,ferrochrome, and stainless steel (China+Indonesia)!]

》Click to Subscribe to SMM China Nickel Industry Chain Annual Report for comprehensive industry chain data, survey insights, and SMM expert analysis