》Check SMM nickel quotes, data, and market analysis
As of now, the MHP coefficient (relative to SMM battery-grade nickel sulphate index) stands at 83.5%-84%, with Indonesian MHP FOB prices at $12,512/mt Ni.
Supply side analysis shows tight market liquidity for MHP recently, with some traders reporting exhausted available volumes. Affected by policy changes in DRC, the quoted cobalt coefficient in certain traders' MHP has risen. Demand side, some nickel salt smelters conducted inquiries this week, though overall purchasing sentiment remains weak. With market supply-demand tensions persisting, prices are expected to stabilize in the short term.
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