On August 6, the SMM battery-grade nickel sulphate index price was 27,161 yuan/mt, with the quotation range for battery-grade nickel sulphate being 27,160-27,640 yuan/mt, and the average price remaining unchanged from yesterday.

As of now, the FOB price of Indonesian MHP nickel is $12,510/mt Ni (metal content), and the FOB price of Indonesian MHP cobalt is $21,285/mt refined cobalt.

[SMM Daily Review: The center of quoted prices for high-grade NPI rises, with no large-scale transactions in the market] On August 5, the average price of SMM 10-12% high-grade NPI was 916 yuan/mtu (ex-factory, tax included), up 2.5 yuan/mtu from the previous working day.

On August 4, the SMM battery-grade nickel sulphate index price was 27,143 yuan/mt, with the quotation range for battery-grade nickel sulphate being 27,140-27,620 yuan/mt, and the average price slightly increased compared to last Friday.

[SMM Daily Review: High-grade NPI traded at a high price in the market, with the market watching the performance of end-users in August] On August 4, the average price of SMM 10-12% high-grade NPI was 913.5 yuan/mtu (ex-factory, tax included), up 1.5 yuan/mtu from the previous working day.

SMM's monthly production data for base metals is released at the end of each month, aiming to uncover the true fundamentals for industry chain professionals and investors, and providing a clearer grasp of the future direction of the metals market.

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 $12,429/mt Ni.

On August 1, the SMM battery-grade nickel sulphate index price was 27,132 yuan/mt, with the quotation range for battery-grade nickel sulphate being 27,130-27,610 yuan/mt, and the average price remaining unchanged from yesterday.