》View SMM Nickel Quotations, Data, and Market Analysis
On January 6, the SMM battery-grade nickel sulphate index price was 26,382 yuan/mt, with the quotation range for battery-grade nickel sulphate at 26,000-26,920 yuan/mt, and the average price remained flat WoW.
Cost side, the transaction coefficients for high-grade nickel matte and MHP remained stable recently. LME nickel prices fluctuated slightly today to $15,090/mt (Ni contained), with spot cost support slightly narrowing but not yet reflected in the nickel sulphate transaction and inquiry market. Demand side, precursor plants have mostly completed nickel salt stockpiling for January, leading to weak market inquiry activity. Supply side, salt plants continued to stand firm on quotes, with transaction coefficients remaining stable recently. Overall, under the backdrop of weak demand from both buyers and sellers, nickel sulphate prices are expected to remain stable.
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