As of today, the SMM battery-grade nickel sulphate index price stood at 26,377 yuan/mt, with the quotation range for battery-grade nickel sulphate between 26,000-26,920 yuan/mt. The average price rose slightly WoW.
Cost side, recent LME nickel prices rebounded slightly, providing some support for costs. Demand side, this week marked the traditional procurement period for nickel salts, with some precursor plants inquiring in the market, though overall market activity remained low. Considering the firm pricing stance of nickel salt smelters, most smelters opted to wait and see. Supply side, nickel salt smelters maintained their sentiment to stand firm on quotes this week, with in-plant inventory levels still relatively low and nickel salt circulation remaining scarce. Amid weak demand from both buyers and sellers, nickel sulphate prices are expected to remain stable.
