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Home / Metal News / [SMM MHP Daily Review] July 25: Indonesian MHP Prices Rise

[SMM MHP Daily Review] July 25: Indonesian MHP Prices Rise

iconJul 25, 2025 15:46
Source: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 $12,695/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 $12,695/mt Ni.

Supply side, recent MHP market circulation has been relatively tight, with some traders reporting depleted available volumes. A few upstream and downstream players have signed orders for small quantities of Q4 MHP. Demand side, some nickel salt smelters inquired this week, though overall purchasing sentiment remained weak. Overall, the market exhibits tight supply and demand, and is expected to stabilize in the short term.

[Subscribe to SMM Nickel Research Group products "China Nickel-Chromium-Stainless Steel Industry Chain Regular Report" and "China Nickel-Chromium-Stainless Steel Industry Chain High-End Report" forthe 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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