Higher offers for Chinese nickel sulfate support price uptick

The nickel sulfate price in China rose by 1.1% week on week on Friday July 24, supported by firm producer offers and limited spot supply.

Fastmarkets assessed the nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China price at 23,200-23,500 yuan ($3,306-3,349) per tonne on Friday, up from 23,000-23,2000 yuan per tonne a prior week.
Domestic nickel sulfate producers held their offers firms, citing low inventories, and this provided some support to the price, market sources told Fastmarkets.

“I am running out of...

Published

Sally Zhang

July 24, 2020

13:13 GMT

Shanghai