》View SMM Nickel Quotations, Data, and Market Analysis
On January 14, the SMM battery-grade nickel sulphate index price was 26,423 yuan/mt, with the quotation range for battery-grade nickel sulphate at 26,050-26,950 yuan/mt, and the average price remaining unchanged from the previous day.
Cost side, LME nickel prices slightly rebounded today to $15,860/mt (Ni contained), with spot cost support continuing to strengthen. Currently, the spot profit for producing nickel sulphate using MHP remains in a loss state, while the profit margin for producing nickel sulphate using high-grade nickel matte persists. Demand side, most precursor plants have basically completed their January nickel salt restocking, with a small portion still having restocking needs. Today's market inquiry activity was relatively weak. Supply side, nickel sulphate plants currently maintain low levels of finished product inventories, leading to tight supply. Overall, under the tight supply pattern, prices still have room for an upward trend.
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