June 19 nickel sulfate market prices fell

Price Quotes

Today, China's nickel sulfate (Ni≥ 22%; Co≤ 0.05; Class I first-class products) ex-factory cash quotation including tax fell, currently between 28800 and 31800 yuan/ton, with an average price of 30300 yuan/ton, down 500 yuan/ton from yesterday.

Today, China's nickel sulfate (Ni≥ 22%;Co≤ 0.4; Class I superior products) factory cash quotation including tax fell, currently between 27300 and 27900 yuan/ton, with an average price of 27600 yuan/ton, down 100 yuan/ton from yesterday.

Integrated

Today nickel sulfate market prices fell. The slowdown in sales growth of new energy vehicles has led to cautious purchases by ternary battery manufacturers, but demand growth in the energy storage sector has partially filled the gap. Indonesia's wet smelting project capacity is gradually released, nickel sulfate supply end pressure is looming, but short-term logistics bottlenecks delay excess conduction. The market wait-and-see sentiment is strong, the adjustment of middlemen inventory is the main, the bargaining power of downstream enterprises is enhanced, and the center of gravity of transactions moves down slightly.

Aftermarket Forecast

In the short term, nickel sulfate market or the continuation of supply and demand weak balance pattern, summer new energy vehicle production and sales season, the demand for battery materials is expected to steadily increase. The trend of nickel price on the raw material side will become a key variable, and the cost transmission effect is expected to gradually appear. The market supply and demand pattern may shift from easing to balance, but inventory pressures will limit the upside of prices. It is suggested to pay attention to the adjustment of new energy subsidy policy and the change of procurement strategy of major battery plants.