[SMM Analysis] August 18: Tight Supply and Demand for Indonesian MHP, Sellers' Quotation Payable Rise
- Aug 18, 2025, at 2:21 pm
- SMM
the FOB price of Indonesian MHP nickel is $12,783/mt Ni, and the FOB price of Indonesian MHP cobalt is $21,432/mt Co.
So far, the FOB price of Indonesian MHP nickel is $12,783/mt Ni, and the FOB price of Indonesian MHP cobalt is $21,432/mt Co.
Supply side, recently, in the spot market, some traders have run out of available stock for sale, and some have stopped quoting. In addition, due to the tight supply and demand in the MHP market, some traders have raised their Q4 quotations, with mainstream nickel payable quotations currently at 86-87%. Affected by the rise in intermediate product prices, the price of cobalt sulphate has also increased, driving up the quotation and transaction payable for cobalt in MHP. The current mainstream quotations are 68-70%. Demand side, recently, some nickel salt smelters and refined nickel plants have been inquiring about orders, but overall purchasing sentiment remains relatively weak. Overall, the market supply and demand is tight, and the payable is expected to have further upside room.
