Chinese nickel sulfate price sets another 2020 high on LME futures strength

The price of nickel sulfate in China surged to a fresh 2020 high in the week to Friday December 18, boosted by strong gains in the three-month nickel price on the London Metal Exchange, market sources told Fastmarkets.

Fastmarkets assessed the price of nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China at 29,500-31,000 yuan ($4,503-4,732) per tonne on Friday December 18, up by 2,000-2,500 yuan per tonne (8%) from 27,500-28,500 yuan per tonne from a week earlier.

The LME three-month nickel contract set an intraday high of $17,880 per tonne...

Published

Sally Zhang

December 22, 2020

07:55 GMT

Shanghai