》View SMM Nickel Quotations, Data, and Market Analysis
On January 16, the SMM battery-grade nickel sulphate index price was 26,506 yuan/mt, with the quotation range for battery-grade nickel sulphate at 26,250-26,970 yuan/mt, and the average price increased compared to yesterday.
Cost side, LME nickel prices remained stable today. Currently, the production of nickel sulphate from high-grade nickel matte and intermediate products is experiencing negative profit margins. Demand side, most precursor plants have basically completed their nickel salt restocking for January, with only a small portion still requiring restocking. Market inquiry activity was relatively weak. Supply side, nickel sulphate plants are currently facing critically low finished product inventories, leading to tight supply. Overall, under the pattern of tight supply and rising costs, there is still room for price increases.
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