On June 9, the SMM battery-grade nickel sulphate average price held steady.
From the cost side, expectations of interest rate hikes continued to weigh on non-ferrous metal trends, nickel prices kept falling, and the immediate production cost of nickel sulphate declined; from the supply side, the tight supply pattern of intermediate products remained unchanged, MHP payables and prices of auxiliary materials such as sulphuric acid stayed high, and nickel salt smelters maintained high offer prices; from the demand side, the procurement period had passed, downstream purchasing sentiment pulled back, and coupled with relatively weak nickel prices, acceptance of nickel salt prices was relatively low. Today, the Willingness to Sell Sentiment Factor for upstream nickel salt smelters was 2.0, the purchasing sentiment factor for downstream precursor plants was 2.6, and the sentiment factor for integrated enterprises was 2.4 (historical data can be queried through the database).
Looking ahead, the raw material tightness is expected to persist, and nickel sulphate prices are expected to hold up well in the short term.
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