This week, prices for 5-series, 6-series, and 8-series ternary cathode precursors continued to decline in the market. Cost side, cobalt sulphate prices kept falling, while nickel sulphate and manganese sulphate prices remained relatively stable.
NEV market, domestic orders for 6-series ternary cathode precursors increased significantly, mainly due to two reasons: first, downstream demand for medium-high nickel products was relatively strong; second, 6-series products possess dual advantages in cost and performance, attracting attention from overseas battery cell manufacturers, with some overseas customers currently validating 6-series products. In contrast, the market share of 5-series and 8-series products is gradually shrinking. Consumer market, demand for small power applications such as two-wheelers in Southeast Asia and India performed well, and orders are expected to maintain steady growth in the coming period.
Overall, the trading atmosphere in the precursor market remained sluggish, with companies generally monitoring price fluctuations of raw materials like cobalt sulphate. In the short term, ternary cathode precursor prices are expected to continue a slight downward trend.
