》Check SMM nickel quotations, data, and market trend analysis
On June 13, the SMM battery-grade nickel sulphate index price was 27,583 yuan/mt, with a quotation range of 27,580-28,050 yuan/mt for battery-grade nickel sulphate, and the average price remained stable WoW.
On the cost side, LME nickel prices declined slightly this week. Demand side, despite signs of recovery in nickel salt demand MoM in June, overall demand remained sluggish. Affected by the availability of some raw material inventories and weak order demand, the inquiry and transaction activity of precursor companies for nickel salts were low during the traditional procurement period this week. Supply side, the order signing situation for nickel salt producers in June was poor this week, and some large nickel salt enterprises plan to carry out shutdown maintenance work in June. Given the weak demand coupled with declining costs, some nickel salt producers have shown signs of loosening their quotations.
Looking ahead, considering the continued mediocre downstream demand and the weakened bargaining power of some buyers, nickel salt prices are expected to weaken further in the short term.
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