[selection of SMM nickel weekly report] this week, the overall consumption of pure nickel market is relatively stable, the lower reaches purchase on demand at low prices, and the enthusiasm for goods preparation decreases month on month. The spot market of battery grade nickel sulfate is still tight, but due to the deep decline in nickel price, the spot price of battery grade nickel sulfate may follow the downward trend in the near future. However, it is expected that nickel sulfate will still maintain a high premium to nickel beans based on the current performance of end consumption. Objectively speaking, the fundamentals are not bad. The contract price of Shanghai nickel main company is expected to run at 118000 ~ 126000 yuan / ton. Lunni is expected to operate at US $15700 ~ 16500 / ton.
[reprint needs to keep the source - Shanghai Nonferrous Metals network] [SMM weekly selection] nickel short-term fundamentals have not weakened, and the gap above needs stronger expected stimulus https://news.smm.cn/news/101415308
