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Daily: Nickel sulfate market 2023.6.26

Source: Mysteel Jun 27, 2023 16:55
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Nickel Sulfate Demand Price Supply

Price:

 

 

 

(Unit: Yuan/t)

Product

2023/6/26

2023/6/25

Change

Electroplating nickel chloride crystal

43,500

43,500

0

Electroplating nickel sulfate crystal

40,000

40,000

0

Battery-grade nickel sulfate liquid

31,750

31,750

             0

Battery-grade nickel sulfate crystal

32,500

32,500

0

 

Supply and Demand: 

 

Downstream ternary precursor manufactures purchased on rigid demand.

 

The prices of nickel sulphate were high amid the booming demand driven by capacity release of electrowinning nickel.

 

The costs of nickel sulphate could hardly be reduced due to declining supply of MHP.

 

In the short term, the prices of nickel sulfate are difficult to fall; but in the long run, it will decline due to the continuous increase in the supply of nickel intermediates and nickel sulfate in Indonesia.

 

Written by Alex Xie, xiehan@mysteel.com

Edited by Aggie Hu, huchenying@mysteel.com

 

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