》View SMM Nickel Quotations, Data, and Market Analysis
On January 10, the SMM battery-grade nickel sulphate index price was 26,420 yuan/mt, with the quotation range for battery-grade nickel sulphate at 26,050-26,950 yuan/mt. The average price rose slightly compared to yesterday.
Cost side, LME nickel prices rebounded slightly today to $15,500/mt (Ni contained) due to the impact of Indonesia's macro policies, strengthening spot cost support. Currently, the spot profit for producing nickel sulphate using MHP remains in a loss state, while the profit margin for producing nickel sulphate using high-grade nickel matte persists. Demand side, most precursor plants have basically completed their January nickel salt restocking, with only a small portion still requiring restocking. Market inquiry activity remains weak. Supply side, the quotation and transaction coefficients of salt plants rose slightly. Finished product inventories at salt plants remain at low levels, indicating tight supply. Overall, under the tight supply pattern, prices still have room for an upward trend.
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