Nickel sulfate prices in China soften despite strong exchange prices for nickel

China’s nickel sulfate prices softened in the week to Friday September 10 amid an increase in the supply of mixed hydroxide precipitate (MHP), though strong nickel prices on both the London Metal Exchange and Shanghai Futures Exchange kept the spot market quiet.

Fastmarkets assessed prices for nickel sulfate min 21%, max 22.5%; cobalt 10ppm max, exw China at 36,500-38,000 yuan ($5,663-5,896) per tonne last Friday September 10, widening downward by 500 yuan per tonne from 37,000-38,000 yuan a week earlier.

While strong LME nickel prices had provided some support to China’s domestic nickel sulfate market after it fell from an all-time high at the end of August, an increase in the supply of MHP...

Published

Yingchi Yang

September 13, 2021

10:30 GMT

Shanghai