Strong fundamental and cost support, slight increase in nickel sulfate price

Strong fundamental and cost support, slight increase in nickel sulfate price

On January 30th, the price of SMM battery grade nickel sulfate index was 26526 yuan/ton, an increase of 72 yuan/ton compared to the previous working day. The price of battery grade nickel sulfate was 26500-27100 yuan/ton, an average increase of 100 yuan/ton compared to the previous working day.

Today's transactions were relatively light, mainly due to the current difficulty in obtaining spot goods in the market. However, some ternary precursor enterprises still have a purchasing demand for nickel sulfate spot, so in the current low circulating volume of nickel sulfate, they are basically facing strong support for the price of nickel sulfate. From a cost perspective, the current supply of mhp is tight, and the mentality of price support for raw materials is becoming stronger. The current mhp price is at a high level of 75-77 against LME nickel price. Both the fundamentals and cost support are strong, and the transaction price of nickel sulfate continues to rise slightly.

Please do not hesitate to contact me at jeantang@smm.cn or 86-19946295759 if you have any question or inquiry.