SMM Weekly Review: Brief Review of Three-element Material Market This Week

SMM September 28th News: The price of three-element materials still declined this week. On the cost side, the price of three-element precursors remained stable, while the price of lithium continued to fall, weakening the support of three-element material costs. On the demand side, the start-up rate of consumer and small power direction is still low, but some battery factories have digested their inventories or will face replenishment demand after the holiday. The demand for power side is stable, and the inventories of battery factories with main power side ports remain high. Some manufacturers have delayed their delivery due to the decline in lithium prices. It is expected that the price of three-element materials may still decline in the future, affected by costs and demand.