China’s nickel sulfate price rises while market sentiment turns cautious

The Chinese nickel sulfate price further extended its gains amid an uptick in the London Metal Exchange nickel price in the seven days to Friday May 14, although market participants are starting to become cautious of the volatility in the nickel price.

Fastmarkets assessed the nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China at 33,000-33,500 yuan ($5,132-5,209) per tonne on Friday, up by 500-1,000 yuan per tonne (2.3%) from 32,000-33,000 yuan per tonne on May 7.

Spot trading activity in China’s nickel sulfate market increased earlier last week but...

Published

Yingchi Yang

May 18, 2021

11:22 GMT

Shanghai