The Chinese nickel sulfate price continued its downtrend in the seven days to Friday March 26, with the weak LME nickel price reviving interest in nickel briquettes, sources told Fastmarkets.
Fastmarkets' price assessment for nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China was 33,000-33,500 yuan ($5,032.5-5,108.8) per tonne on Friday March 26, down by 1,000-1,500 yuan per tonne, or 3.6%, from 34,000-35,000 yuan per tonne on March 19.The spot market remains thin and suppliers are still reluctant to sell the product...