Supported by costs, nickel sulphate prices stabilised but will barely rise amid weak demand

On July 2, the current nickel sulphate prices have shown a stable trend, primarily as nickel sulphate plants held narrower room for price concessions supported by costs. Nickel sulphate plants have cut production to reduce inventory. However, due to the overall weak demand from precursors in July, nickel sulphate prices will barely rebound. In the short term, the prices are expected to hold stable.