Chinese nickel sulfate price sets fresh all-time high

China’s nickel sulfate price continued rise in the week to Friday February 26 to reach a new record high, mainly driven by the volatile nickel price at the London Metal Exchange and limited supplies, sources told Fastmarkets.

Fastmarkets' price assessment for nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China was at 35,000-38,000 yuan ($5,414-5,878) per tonne on Friday February 26, up by 1,000-3,000 yuan per tonne or by 5.8% from 34,000-35,000 yuan per tonne on February 19.
The Chinese nickel sulfate price has continued to break records and is at its highest level since Fastmarkets began tracking the market in July 2018.

Published

Yingchi Yang

March 01, 2021

08:49 GMT

Shanghai