On November 5, the SMM battery-grade nickel sulphate index price was 28,328 yuan/mt, with the quotation range for battery-grade nickel sulphate at 28,370-28,600 yuan/mt, and the average price decreased compared to the previous day.

New Price Release of "Indonesia Domestic Nickel Ore Shipping Freight, USD/wmt"

[SMM Daily Review: Suppliers Continue to Lower Offers, High-Grade NPI Market Sluggish] November 5 (SMM) - The average price of 10-12% high-grade NPI was 919.5 yuan/mtu (ex-factory, tax included), down 2 yuan/mtu MoM from the previous working day.

As the annual long-term contract signing period approaches, we would like to remind you again that the prices for NPI (8-12%) Price, USD/mtu and NPI(10-14%) Indonesia Price, USD/mtu will be suspended on December 31, 2025 (working day). Customers using the above prices for settlement should pay attention to the time period and adjust their price usage promptly to avoid any impact on your business due to the suspension of price updates.

On November 3, the SMM battery-grade nickel sulphate index price was 28,395 yuan/mt, with the quotation range for battery-grade nickel sulphate at 28,450-28,650 yuan/mt, and the average price remained unchanged from the previous day.

[SMM Daily Review: Market Sentiment Bearish with Strong Wait-and-See Attitude, High-Grade NPI Prices Continue to Decline] November 3 - The average price of SMM 10-12% high-grade NPI was 922.5 yuan/mtu (ex-factory, tax included), down 1.5 yuan/mtu MoM from the previous working day.