[SMM Nickel Sulphate Daily Review] May 8: Spot Costs Pulled Back Notably, Nickel Salt Prices Edged Down Slightly

Published: May 8, 2026 13:07

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On May 8, SMM battery-grade nickel sulphate average prices declined slightly.

On May 8, the SMM battery-grade nickel sulphate average price edged down slightly.

Cost side, tensions between the US and Iran showed signs of easing, nickel prices pulled back further, and the immediate production costs of nickel sulphate declined notably; supply side, nickel prices, MHP payables, and auxiliary material prices such as sulphuric acid remained at high levels, and nickel salt smelter offer prices stayed high; demand side, some downstream enterprises still had certain stocking demand after the holiday, but as nickel prices fell, their acceptance of nickel salt prices has not risen further. Today, the upstream nickel salt smelter Willingness to Sell Sentiment Factor was 2, the downstream precursor plant procurement sentiment factor was 2.6, and the integrated enterprise sentiment factor was 2.6 (historical data available via database login).

Looking ahead, nickel sulphate prices are expected to hold up well in the short term, and subsequent attention should be paid to the cost support from nickel prices and intermediate products.

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