On July 15, 2025, 128 mt of battery-grade nickel sulphate from Wanhua Chemical was successfully traded through the bidding sales function of the Anhuida platform of the SMM Metal Trading Center. The starting bid price was 25,700 yuan/mt, and the final transaction price after open bidding was 26,400 yuan/mt.
For more details about the event, please visit https://www.anhuida.com/jingjia/detail/A0202507111010280-001.
The bidding transaction function is a spot trading format launched by the SMM Metal Trading Center, aiming to help buyers and sellers improve transaction efficiency, reduce transaction costs, and discover fair prices. The Trading Center continuously solicits feedback and suggestions from all participating traders to continuously improve system functions and rule settings, in order to provide better services.
According to the "SMM Battery-Grade Nickel Sulphate Index Formulation Standard", the SMM Metal Trading Center, as a credible platform for SMM price collection, will incorporate its bidding transaction data into the SMM price collection system based on weights.
In recent transactions of battery-grade nickel sulphate between buyers and sellers, the pricing method of multiplying the SMM monthly average price by a coefficient accounted for a high proportion. The proportion of absolute price quotes and direct transactions significantly decreased. However, absolute prices, which most closely reflect the actual market transaction prices, are prioritized for adoption. The core value of platform trading lies in price discovery, and your transactions will help our quotes more closely align with the real market.
On July 15, the SMM quote for battery-grade nickel sulphate was 26,980-27,460 yuan/mt, with an average price of 27,220 yuan/mt, a decrease of 200 yuan/mt from July 14.
