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[SMM MHP Daily Review] July 9: MHP prices in Indonesia slightly decline
Jul 9, 2025 13:38Source: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 $12,502/mt Ni.
As of now, the MHP coefficient (relative to the SMM battery-grade nickel sulphate index) stands at 83.5%-84%, with the FOB price of Indonesian MHP at $12,502/mt Ni.
Supply side, recent MHP market circulation has been relatively tight, with some traders reporting depleted available volumes. Affected by policy changes in the DRC, the cobalt coefficient in MHP offered by certain traders has risen. Demand side, some nickel salt smelters inquired this week, though overall purchasing sentiment remained weak. Overall, the market supply and demand remain tight, and prices are expected to stabilize in the short term.
[For more content, subscribe to SMM Nickel Research Group's reports: "China Nickel-Chromium-Stainless Steel Industry Chain Regular Report" and "China Nickel-Chromium-Stainless Steel Industry Chain High-End Report", to accessthe latest data analysis and market insights on nickel ore, NPI (China + Indonesia), refined nickel, nickel sulphate, chrome ore,ferrochrome, and stainless steel (China + Indonesia)!]
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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