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Nickel Sulphate Production, November data from China.

nickel-sulphate-production-november-data-from-china
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China national production of nickel sulphate was 36,100 mt in metal content & 164,300 mt in physical content in November 2023. A decrease of 6.39% month-on-month and 14.77% year-on-year.

Due to year-end stock decreases and a lacklustre demand for nickel sulphate, the market was experiencing a bearish trend.

The output decline in November was brought on by a slight inventory surplus that some nickel salt firms had in October.

The market for nickel sulphate suffered in December as a result of decreased china demand, production schedules, and precursor company orders. The historic low prices of nickel sulphate hurt the profits of manufacturers. Certain factories also planned maintenance.

These variables point to a sustained decline in production, with a 14.65 percent  decline from November anticipated.

SHREE METAL PRICES