LME Nickel to Rise (2017-8-29)

The European Union has formally clarified the documentary requirements for identifying the “melt and pour country” of imported steel products. From October 1, 2026, importers will be required to declare and substantiate where the original steel was first melted and poured, generally through a Mill Test Certificate containing the melt and pour country and heat number.

Since August, the SMM battery-grade nickel sulphate CIF China price generally remained around $3,700/wmt, while after entering the late month, Chinese buyers' purchase inquiries for South Korean nickel sulphate increased significantly, and their purchasing initiative strengthened. However, this change did not yet translate into a clear recovery in ternary downstream demand. Whether the market could continue to improve in the future still depended on whether relevant inquiries could be converted into actual transactions, and whether there was a substantial rebound in the production of precursors and cathode materials in China and South Korea.

O preço CIF China do Sulfato de Níquel de Grau Bateria da SMM permaneceu amplamente estável em torno de US$ 3.700/tmt em agosto, enquanto as consultas de compra chinesas por material coreano se tornaram mais ativas no final do mês. No entanto, a maior aquisição ainda não se traduziu em uma recuperação clara na demanda downstream ternária, deixando a sustentabilidade da melhora dependente do crescimento real da produção de precursores e catodos.