SMM April 16 update:
Raw material side, lithium carbonate prices held up well this week due to supply disruptions from Zimbabwe's latest policy and mine permit renewals in Jiangxi, nickel salt prices fluctuated, and the cobalt salt market was lackluster with prices edging down. This week, by material type across ternary, LCO, and LFP categories: LFP wet-process side, taking LFP pole piece black mass as an example, the current price of LFP pole piece black mass was 6,850-7,350 yuan/mtu, with prices rising WoW compared to Thursday's transactions. As lithium carbonate futures and spot prices continued to rise this week, LFP black mass prices also continued to climb. Moreover, as some LFP recycling enterprises increasingly linked their pricing to futures prices, the price lag diminished and market responses became relatively more sensitive. Ternary and LCO side, as it was not a just-in-time procurement period, compounded by a top-tier enterprise suspending procurement of materials from the open market due to inventory and maintenance reasons, both ternary and LCO lithium payables began to decline, market transactions were few, and sentiment was sluggish.
SMM New Energy Research Team
Wang Cong 021-51666838
Ma Rui 021-51595780
Feng Disheng 021-51666714
Lv Yanlin 021-20707875
Zhou Zhicheng 021-51666711
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