SMM

SHANGHAI, May 9 (SMM) - Nickel sulphate prices continued to fall after the holiday, and trades in the spot market were still bleak. On the supply side, the production schedules of nickel sulphate enterprises in May did not improve significantly compared with April, and the operating rates of some enterprises even declined from April. Despite the rebound of lithium prices, nickel sulphate demand has not improved. Market quotations were generally low. Ternary precursor producers barely made purchases and mostly relied on their own nickel sulphate inventories as their orders showed no signs of improvement. Nickel sulphate prices will remain in a downward trajectory.