Indonesian officials signaled that nickel ore quotas could be increased, loosening earlier expectations of supply contraction in the forward period. The strong earthquake in the Philippines caused short-term disruptions to shipping, but the actual impact was limited. For nickel intermediates, high sulfur costs kept hydrometallurgical production offline, MHP supply remained tight, nickel matte transmission was slow, and upstream producers held firm on prices and were reluctant to sell.Last week, the nickel sulfate market came under pressure overall, with the price center of gravity shifting notably lower. As SHFE nickel pulled back in a range and loosened raw material costs transmitted to nickel sulfate, nickel sulfate prices fell consecutively midweek. On the supply front, downstream ternary precursor production schedules remained high but growth slowed. Companies held ample raw material inventories, and procurement focused on executing long-term contracts and just-needed restocking.