Monthly Nickel Market Report Jul 2019
2019-08-14 18:12:39 【Print】
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1. Market Highlights
This month, nickel cathode prices continued to rise due to expectations of downstream stainless steel plants and foreign markets for new energy industry. However, with the price of nickel cathode rising, downstream consumers' wait-and-see attitude has been strengthened, and there are few transactions in the spot market. Being bullish on the market, downstream stainless steel plants actively purchased high grade ferronickel, and ferronickel prices rose.
As downstream clients purchase lateritic nickel ore actively, nickel ore prices rise. Meanwhile, low grade nickel transactions are active, with prices increasing.
In the battery market, because of the rising price of nickel cathode, the cost of battery grade nickel sulfate has risen and the quotation has been raised. Most downstream consumers are active in purchasing, leading to active transactions.
This month, nickel cathode prices continued to rise due to expectations of downstream stainless steel plants and foreign markets for new energy industry. However, with the price of nickel cathode rising, downstream consumers' wait-and-see attitude has been strengthened, and there are few transactions in the spot market. Being bullish on the market, downstream stainless steel plants actively purchased high grade ferronickel, and ferronickel prices rose.
As downstream clients purchase lateritic nickel ore actively, nickel ore prices rise. Meanwhile, low grade nickel transactions are active, with prices increasing.
In the battery market, because of the rising price of nickel cathode, the cost of battery grade nickel sulfate has risen and the quotation has been raised. Most downstream consumers are active in purchasing, leading to active transactions.
