Alternatives for raw materials cap Chinese nickel sulfate uptick

China’s nickel sulfate price widened upward amid a continuous shortage of mixed hydroxide precipitate (MHP) in the week to Friday June 4 although the availability of alternative raw materials continues to restrain the price rise, sources told Fastmarkets.

Fastmarkets assessed the nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China at 33,000-34,000 yuan ($5,154-5,311) per tonne on Friday, up by 500 yuan per tonne on the high end of the range from 33,000-33,500 yuan per tonne on May 28.

The Chinese nickel sulfate price had previously been stable for three weeks and showed an slight upward trend this week because the...

Published

Yingchi Yang

June 07, 2021

09:51 GMT

Shanghai