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Daily: Nickel sulfate market 2023.3.28

Source: Mysteel Mar 29, 2023 15:42
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Nickel Matte Demand Price Supply

Price:

 

 

 

(Unit: Yuan/t)

Product

2023/3/28

2023/3/27

Change

Electroplating nickel chloride crystal

50,000

50,000

0

Electroplating nickel sulfate crystal

46,000

46,000

0

Battery-grade nickel sulfate liquid

36,250

36,250

             0

Battery-grade nickel sulfate crystal

38,000

38,000

0

 

Supply and Demand: 

 

The price of nickel sulfate will keep falling due to strong supply and weak demand. The nickel sulfate manufactures have been forced to cut prices and reduce production amid overall declining output and demand of the ternary industry chain. Nickel price continued to fall due to the increase supply of MHP in Indonesia. It is expected that the price of nickel sulfate will be easy to fall but hard to rise in the short term.

 

Edited by Alex Xie, xiehan@mysteel.com

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