Price:
|
|
(Unit: Yuan/t) |
Product |
Weekly Average |
Change |
Electroplating nickel chloride crystal |
42,750 |
750 |
Electroplating nickel sulphate crystal |
38,750 |
1,250 |
Battery-grade nickel sulphate liquid |
31,750 |
0 |
Battery-grade nickel sulphate crystal |
32,500 |
0 |
Supply and Demand:
The demand of downstream ternary precursor manufactures recovered slowly last week.
The buyers were reluctant to purchase high-priced nickel sulphate amid the increasing MHP supply and continuous arrivals from Indonesia.
But the retail prices of nickel sulphate were resilient due to firm prices of intermediates.
In the short term, the prices of nickel sulfate are unlikely to fall rapidly with suppliers holding the prices firm; but in the long run, it will decline due to the rapid increase in the supply of MHP.
Written by Alex Xie, xiehan@mysteel.com
Edited by Aggie Hu, huchenying@mysteel.com