》View SMM Nickel Quotations, Data, and Market Analysis
On January 17, the SMM battery-grade nickel sulphate index price was 26,516 yuan/mt, with the quotation range for battery-grade nickel sulphate at 26,270-26,990 yuan/mt, and the average price increased compared to the previous day.
Cost side, LME nickel prices rose today, widening cost support. 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 January nickel salt restocking, with a small portion still requiring restocking. Market inquiry activity remained 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, prices still have room for an upward trend.
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