[SMM Notice] Newly Launched SMM Battery Grade Nickel Sulphate Price Index and MHP Coefficient (Benchmarking SMM Battery Grade Nickel Sulphate Price Index) Officially Online!

SHANGHAI, Sep 1 (SMM) - The newly launched SMM Battery Grade Nickel Sulphate Price Index and SMM MHP Coefficient (benchmarking SMM Battery Grade Nickel Sulphate Price Index) is officially online!

With the rapid development of the new energy industry, the battery grade nickel sulphate market is experiencing a series of changes. In order to adapt to such changes in the battery grade nickel sulphate (crystal) market (for example, the integrated production of battery grade nickel sulphate and ternary cathode material precursors as well as tolling of battery grade nickel sulphate though long-term orders now account for more than 90% of the total nickel sulphate production; the market lacks stylised transactions that could represent the mainstream transactions in the market due to lower frequency of transactions in the spot market), and to further reduce the transaction risks and costs across the battery grade nickel sulphate industry chain by referring to SMM Price, SMM has been constantly improving and deepening its research on the battery grade nickel sulphate industry chain.

After prudent information accumulation and market research, SMM has decided to launch the item of SMM Battery Grade Nickel Sulphate Price Index starting from September 1, 2022, which is designed to replace the original item of SMM Battery Grade Nickel Sulphate Price. The original item will be retained simultaneously until December 31, 2022.

SMM Battery Grade Nickel Sulphate Price Index as of September 1, 2022: 38,098 yuan/mt, +41 yuan/mt, MTD 38,098 yuan/mt.

In addition, the construction of hydrometallurgy intermediate products in Indonesia is in full swing, and the continuous growth of MHP production has also boomed the animation in the spot market. After in-depth research on the market, SMM has decided to launch the item of SMM MHP Coefficient (benchmarking SMM Battery Grade Nickel Sulphate Price Index).

SMM MHP Coefficient (benchmarking SMM Battery Grade Nickel Sulphate Price Index) as of September 1, 2022: 72-74%, +0.5%, MTD 73%.