Despite Weak Demand, Firm Cost To Limit Drop In Nickel Sulphate Price

In the week ending October 19, nickel sulphate prices held steady. A tight raw material market with high prices made nickel salt producers wary, leading to hesitant sales and an inclination to maintain high prices. Spot supply was low. The price difference between refined nickel and nickel sulphate narrowed, reducing purchasing activity in nickel sulphate market. No significant raw material shortage for precursors was observed in October. With current cost support, nickel sulphate's price remained high. Precursor firms took a wait-and-see stance, leading to subdued market activity. While seasonal buying might kick off soon, the weak precursor market and limited nickel sulphate demand could cap its price growth. But, given robust cost support, any decline in nickel sulphate prices will be minimal.