China's nickel sulfate price continued rise in the week to Friday February 26 to reach a new record high, mainly driven by the volatile nickel price at the London Metal Exchange and limited supplies, sources told Fastmarkets.
Fastmarkets' price assessment for nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China was at 35,000-38,000 yuan ($5,414-5,878) per tonne on Friday February 26, up by 1,000-3,000 yuan per tonne or by 5.8% from 34,000-35,000 yuan per tonne on February 19.