The producers and consumers of nickel sulfate seemed to have been in fierce wrestling lately, and market transactions stagnated. The producers raised their offers in light of falling supply as a result of recent production suspensions and reductions; while the consumers, namely ternary precursor manufacturers, refused to accept the price hike because their demand remained flat. However, firm nickel intermediate products' prices are likely to lift the production cost of integrated ternary precursor manufacturers.
In the long run, nickel sulfate prices are expected to fall to some extent when the supply of nickel intermediates keeps rising.
The market prices of electroplating nickel sulfate (crystal), battery-grade nickel sulfate (liquid) and battery-grade nickel sulfate (crystal) were Yuan 41,000/tonne, Yuan 30,500/t and Yuan 31,000/t respectively as of May 25, according to Mysteel.
Edited by Aggie Hu, huchenying@mysteel.com