Low supply supports Chinese nickel sulfate market to new annual high

China’s nickel sulfate price rose to the year’s new high in the week to Friday September 4, with low supply supporting the market level despite LME nickel's plunge on Thursday, sources said.

Fastmarkets assessed the nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China price at 27,000-28,000 yuan ($3,953-4,099) per tonne on Friday, a new annual high, up by 2,500-3,000 yuan per tonne or by 11.1% from 24,500-25,000 yuan per tonne on January 3, 2020.


Sally Zhang

September 07, 2020

08:52 GMT