[SMM Daily Review of Nickel Sulphate] July 11: Nickel salt prices remained stable

[Z1/>]Check SMM Nickel Quotes, Data, and Market Analysis[Z2/>]On July 11, the SMM battery-grade nickel sulphate index price stood at 27,227 yuan/mt, with the quotation range for battery-grade nickel sulphate at 27,200-27,640 yuan/mt, maintaining the same average price as the previous day.[Z3/>]Cost side, while LME nickel prices rebounded yesterday amid broad-based nonferrous metal gains, nickel prices remain in the doldrums recently. Today, immediate nickel salt production costs have shown some rebound. Supply side, smelters maintained the same quotation levels as yesterday, with partial producers raising prices recently, but weak buyer demand resulted in limited transactions, keeping overall inventory and production schedules at low levels. Demand side, although some producers have initiated purchases, market procurement enthusiasm remains subdued as the purchasing period has not yet arrived.[Z4/>]Looking forward, despite sustained price support from nickel salt smelters, nickel salt prices are expected to remain rangebound at low levels in the short term due to declining production costs and weak downstream demand.[Z5/>]Check SMM Nickel Product Spot Quotes[Z6/>]Subscribe to View SMM Metal Spot Price History[Z7/>][For more content, subscribe to SMM Nickel Research Group's "China Nickel, Chromium and Stainless Steel Industry Chain Regular Report" and "China Nickel, Chromium and Stainless Steel Industry Chain High-End Report" to access[Z8/>]the latest nickel ore, NPI (China+Indonesia), refined nickel, nickel sulphate, chrome ore,[Z9/>]ferrochrome, stainless steel (China+Indonesia) data analysis and market insights![Z10/>]][Z11/>]Subscribe to SMM China Nickel Industry Chain Annual Report for comprehensive industry chain data, survey insights, and SMM expert analysis[Z12/>]