》View SMM Nickel Quotations, Data, and Market Analysis
On February 6, the SMM battery-grade nickel sulphate index price was 26,583 yuan/mt, with the quotation range for battery-grade nickel sulphate at 26,380-27,060 yuan/mt. The average price rose slightly compared to the previous day.
Cost side, stimulated by macro policies in the Philippines, LME nickel prices rebounded to $15,650, gradually strengthening cost support. Demand side, some precursor plants have completed February stockpiling, with some manufacturers' inventory meeting immediate needs, though procurement demand still exists. Supply side, some nickel salt smelters have not yet resumed operations, while others that have resumed have started quoting and negotiating orders. Considering the current losses, nickel salt smelters generally maintain firm prices, leaving little room for price reductions. In summary, under the current weak supply and demand situation, prices are expected to remain stable in the near term.
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