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[SMM MHP Daily Review] August 4: Indonesian MHP prices weaken
Aug 4, 2025 13:42Source: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 $12,429/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 $12,429/mt Ni.
Supply side, recent MHP market circulation remains 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, inquiries from nickel salt smelters and refined nickel plants have emerged recently, though overall purchasing sentiment remains comparatively weak. Overall, the market exhibits tight supply-demand dynamics and is expected to maintain stable operations in the short term.
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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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