Iron Phosphate Prices in 2024: Reduced Losses, Rational Supply Chain Cooperation
Post-2024 Spring Festival, iron phosphate firms resumed with notices of price hikes to downstream partners.
[SMM Nickel Sulfate Daily Review] On March 28th, the SMM battery-grade nickel sulfate index price was 30,653 yuan/ton, down 3 yuan/ton from the previous working day (due to automatic adjustment of weights).
SMM Nickel Market Morning Comment Fully (Mar 29)
Overnight, the most-traded SHFE nickel contract opened at 128,990 yuan/mt, and closed at 130,530 yuan/mt, down 1,020 yuan/mt. Trading volume fell by 42,985 lots, and open interest decreased by 2,574 lots. From a macro perspective, the US Fed has kept the upper limit of its interest rate at 5.5%. The Fed once again maintained interest rates unchanged. Powell's speech has not disclosed when to cut interest rate. This interest rate decision will have little impact on the market. Fundamentally, the progress of nickel ore approval accelerated and production of intermediate product projects in Indonesia ramped up. The market's expectations for tight supply of raw materials began to weaken. On the other hand, affected by the sharp drop in nickel prices, transactions in the spot market picked up, and downstream purchasing sentiment recovered. Nickel price is expected to go down.
[SMM Nickel Spot Market Midday Review] [Shanghai nickel continues its downward trend
Shanghai nickel continues its downward trend today, with the price difference between nickel beans and nickel sulfate widening to 13,000 yuan/ton.
Growing supply could pressure lithium carbonate prices
Lithium carbonate prices fell in the week ending March 28.