Profits of Nickel Salt Plants to Remain Stable this Week

SHANGHAI, May 4 (SMM) - Profit margins of nickel sulphate companies produced with various raw materials dropped further due to the falling nickel salt prices amid poor downstream demand and the small decline in raw material prices supported by the rebound in nickel prices.

In detail, the weekly average loss margin of nickel sulphate produced with nickel briquette stood at 19.3%. The profits of nickel salt processed with high-grade nickel matte and MHP were stable thanks to the mainstream raw material pricing method (SMM battery grade nickel sulphate minus processing fee), but some nickel salt producers suffered losses since their spots were sold at a low coefficient. The profit of nickel sulphate will move stably this week amid the generally stable raw material costs and the pending price rise of nickel sulphate.