》View SMM Nickel Quotations, Data, and Market Analysis
On February 21, 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 edged up slightly today. 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 production, and current smelter quotations remained basically flat compared to last week, with spot order transactions relatively sluggish. Comprehensive analysis suggests that considering the weak supply and demand in the market, prices are expected to remain stable next week.
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