》View SMM Nickel Quotations, Data, and Market Analysis
On January 2, the SMM battery-grade nickel sulphate index price was 26,379 yuan/mt, with the quotation range for battery-grade nickel sulphate at 26,000-26,920 yuan/mt, and the average price remained unchanged from the day before.
Cost side, recent transaction coefficients for high-grade nickel matte and MHP remained stable, while LME nickel prices dropped back slightly today to $15,455/mt (Ni contained), leading to a slight contraction in spot cost support. Demand side, there were some recent inquiries and transactions in the market, but overall, market activity remained at a low level. Supply side, salt plants continued to stand firm on quotes, with transaction coefficients remaining stable recently. Overall, under the backdrop of weak demand from both buyers and sellers, nickel sulphate prices are expected to remain stable.
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