》View SMM Nickel Quotations, Data, and Market Analysis
On February 20, the SMM battery-grade nickel sulphate index price was 26,588 yuan/mt, with the quotation range for battery-grade nickel sulphate at 26,400-27,060 yuan/mt, and the average price remained basically flat compared to yesterday.
Cost side, LME nickel prices have recently shown a fluctuating trend. Demand side, precursor plants have basically completed restocking, though some enterprises still have restocking demand for February. Supply side, some nickel salt smelters have not yet resumed operations, and current smelter quotations are basically flat compared to last week, with spot order transactions remaining sluggish. Comprehensive analysis suggests that, considering the traditional procurement period has not yet arrived, market activity remains relatively low, and prices are expected to remain stable this week.
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