Higher offers for Chinese nickel sulfate support price uptick

The nickel sulfate price in China rose by 1.1% week on week on Friday July 24, supported by firm producer offers and limited spot supply.

Fastmarkets assessed the nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China price at 23,200-23,500 yuan ($3,306-3,349) per tonne on Friday, up from 23,000-23,2000 yuan per tonne a prior week.
Domestic nickel sulfate producers held their offers firms, citing low inventories, and this provided some support to the price, market sources told Fastmarkets.

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