On April 3, the SMM average price of battery-grade nickel sulphate declined slightly.
Apr 3, 2026 11:57Weak Downstream Procurement Sentiment, Slight Decline in Nickel Salt Prices As of Thursday this week, the average SMM battery-grade nickel sulphate price edged down WoW. Demand side, as it was a procurement period, some producers had made inquiries recently, but because overall downstream orders fell short of expectations, acceptance of high-priced nickel salt was relatively weak; supply side, as MHP payables and auxiliary material prices had moved up recently, raw material costs for some producers increased, and quoted prices were raised accordingly. Looking ahead, cost support for nickel salt remained in place, but upside room for prices will depend on the downstream procurement pace. Inventory, this week the inventory index at upstream nickel salt smelters rose from 4.7 days to 5.3 days, the inventory index at downstream precursor plants increased from 6.5 days to 7.8 days, and the inventory index at integrated enterprises rose from 6.8 days to 7 days; in terms of buyer-seller strength, this week the Willingness to Sell Sentiment Factor at upstream nickel salt smelters held at 1.8, the procurement sentiment factor at downstream precursor plants held at 2.6, and the sentiment factor at integrated enterprises held at 2.4. (Historical data is available in the database.)
Apr 2, 2026 14:12As of now, the FOB price of nickel in Indonesian MHP was $15,383/mt Ni, and the FOB price of cobalt in Indonesian MHP was $51,364/mt Co. MHP payables (against the SMM battery-grade nickel sulphate index) were 86.5-87.5, and the payable indicator for cobalt element in MHP (against SMM refined cobalt (Rotterdam warehouse)) was 94. The FOB price of Indonesian high-grade nickel matte was $15,666/mt Ni.
Apr 2, 2026 11:08On March 30, the SMM average price of battery-grade nickel sulphate remained stable.
Mar 30, 2026 11:46As of now, Indonesia's MHP nickel FOB price was $15,355/mt Ni, and Indonesia's MHP cobalt FOB price was $51,232/mt Co. MHP payables (against the SMM battery-grade nickel sulphate index) were 87-88, and the payable indicator for MHP cobalt element (against SMM refined cobalt (Rotterdam warehouse)) was 94. Indonesia's high-grade nickel matte FOB price was $15,637/mt Ni.
Mar 27, 2026 10:54On March 25, the SMM average price of battery-grade nickel sulphate remained stable.
Mar 25, 2026 13:05Dear Useres, With the deep reshaping of the new energy industry chain, the strategic position of sulphur, a traditional bulk raw material, is undergoing a fundamental transformation. Historically, price fluctuations in sulphur-sulphuric acid primarily affected traditional industries such as phosphate fertilisers and titanium dioxide. However, as lithium iron phosphate (LFP) has become the mainstream cathode material for power batteries, the production of its core precursor, iron phosphate, heavily relies on high-purity phosphoric acid, which in turn uses sulphuric acid as its raw material. This enables price fluctuations in the sulphur-sulphuric acid chain to be directly and rapidly transmitted to the cost of LFP. Similarly, in areas such as nickel-cobalt smelting and precursor preparation, sulphuric acid is a key auxiliary material, and its price directly impacts the cost of products like battery-grade nickel sulphate and cobalt sulphate. The emergence of new demands: Sulphur itself, as a key sulphur source for lithium sulphide and sulphide solid-state electrolytes (such as LPSC), is seeing its material purity and supply stability begin to attract attention from cutting-edge battery technology R&D. As an authoritative information institution long dedicated to the non-ferrous metals and new energy materials sectors, SMM, after a period of consolidation and market surveys, plans to introduce new sulphur price points starting December 12, aiming to provide the market with more precise pricing anchors and price references. The specific new price points are as follows: Sulphur: Solid, Sulphur (S) content ≥99.0%, Price Description: Ex-factory price (buyer's self pick-up price), including 13% VAT. SMM New Energy Research Team December 04, 2025 Sulphur Price
PriceDec 15, 2025 10:18