Chinese electroplating grade nickel sulfate market demand remains steady
2024-04-16 11:10:40 [Print]
BEIJING (Asian Metal) 16 Apr 24 - Electroplating grade nickel sulfate downstream customer demand did not significantly change since April, and downstream customer purchases kept stable. This Monday, mainstream prices of Chinese electroplating grade nickel sulfate stood at RMB33,500-34,000/t (USD4,628-4,697/t) delivered D/A, on par with last Friday. Insiders noted that electroplating grade nickel sulfate market deals remain steady in the first half of April, and expect that prices of Chinese electroplating grade nickel sulfate would level off in the coming week.
A producer in South China said that their sales volume in the first half of April was basically stable compared with the second half of March and downstream customers made purchases stably. "This Monday, we quoted RMB34,000/t (USD4,697/t) delivered D/A for electroplating grade nickel sulfate and could accept the price of RMB33,500/t (USD4,628/t) delivered D/A for regular customers who purchase more than 10t at a time, unchanged compared with last Friday. We sold 3t at RMB34,000/t (USD4,697/t) delivered D/A on Monday and 5t at the same price last Friday", a source from the company reported, adding that the current market demand for electroplating grade nickel sulfate keep steady, and estimates that prices of Chinese electroplating grade nickel sulfate would show a stable trend in the following week.
With an annual production capacity of 12,000t of nickel sulfate, the company saw an output of 6,500t or so in 2023. It produced about 500t in March and expects to produce around 500t in April, holding about 110t of nickel sulfate stocks for the time being.
A producer in Northwest China mentioned that since April their downstream customers saw no significant change in purchases, stable compared with the same period last month. "On Monday we did not ship electroplating grade nickel sulfate at a price below RMB36,000/t (USD4,974/t) delivered D/A, in line with last Friday. We sold 32t at RMB36,000/t (USD4,974/t) delivered D/A on Monday and 20t at the same price last Friday", a source from the company revealed, adding that the current electroplating grade nickel sulfate market sees stable deals, and predicts that prices of Chinese electroplating grade nickel sulfate might remain unchanged in the upcoming week.
Based on an annual production capacity of 20,000t, the company witnessed an output of 11,000t or so in 2023. It expects to produce approximately 900t in April, in line with March, and holds around 400t of nickel sulfate stocks at the moment.
A producer in South China said that their sales volume in the first half of April was basically stable compared with the second half of March and downstream customers made purchases stably. "This Monday, we quoted RMB34,000/t (USD4,697/t) delivered D/A for electroplating grade nickel sulfate and could accept the price of RMB33,500/t (USD4,628/t) delivered D/A for regular customers who purchase more than 10t at a time, unchanged compared with last Friday. We sold 3t at RMB34,000/t (USD4,697/t) delivered D/A on Monday and 5t at the same price last Friday", a source from the company reported, adding that the current market demand for electroplating grade nickel sulfate keep steady, and estimates that prices of Chinese electroplating grade nickel sulfate would show a stable trend in the following week.
With an annual production capacity of 12,000t of nickel sulfate, the company saw an output of 6,500t or so in 2023. It produced about 500t in March and expects to produce around 500t in April, holding about 110t of nickel sulfate stocks for the time being.
A producer in Northwest China mentioned that since April their downstream customers saw no significant change in purchases, stable compared with the same period last month. "On Monday we did not ship electroplating grade nickel sulfate at a price below RMB36,000/t (USD4,974/t) delivered D/A, in line with last Friday. We sold 32t at RMB36,000/t (USD4,974/t) delivered D/A on Monday and 20t at the same price last Friday", a source from the company revealed, adding that the current electroplating grade nickel sulfate market sees stable deals, and predicts that prices of Chinese electroplating grade nickel sulfate might remain unchanged in the upcoming week.
Based on an annual production capacity of 20,000t, the company witnessed an output of 11,000t or so in 2023. It expects to produce approximately 900t in April, in line with March, and holds around 400t of nickel sulfate stocks at the moment.
