Nanjing Iron & Steel Ups SiMn Alloy Bid Price in October

[ADC12 Price Daily Review: Costs Shift Lower, Demand Weak, ADC12 Quotes Continue to Move Lower] Today, ADC12 market quotes were generally lowered by 200 yuan/mt. The price reduction was mainly driven by the pullback in aluminum prices, the subsequent decline in aluminum scrap prices that pushed costs lower, and a weaker cast aluminum alloy futures market, leaving cost-side support somewhat weakened.

China Sulphuric Acid Market Continued to Hit Bottom, Weak Demand Dragged Down the Price Center [SMM Sulphuric Acid Weekly Review]

This week, the industry chain continued to show overall weakness and divergence. Refined cobalt was affected by the consumption off-season and summer break; mainstream smelters lowered quotes to 335,000 yuan/mt, and downstream users maintained only essential restocking. The buy-sell price spread for intermediate products widened, tenders continued to fail, and market trading nearly stalled. Cobalt sulphate, cobalt chloride, Co3O4 and cobalt powder all fell under pressure; low-priced material increased, and market prices gradually converged toward actual transaction and cost ranges, leaving the market still in a bottoming phase in the near term. Ternary cathode precursor prices slid as nickel and cobalt salts weakened; production schedules recovered at top-tier players, but small and mid-sized producers remained constrained by the off-season. Supported by the rebound in lithium chemicals, peak-season stockpiling and European auto sales, ternary cathode material prices edged up slightly, and August orders were steady to slightly higher. LCO demand recovery remained slow, and price cuts did not noticeably boost shipments. Industry side, Sinomine Resource Group's lithium sulfate project in Zimbabwe entered full-scale construction, Hithium secured a 421 MWh energy storage project in Australia, and cooperation in the charging industry continued to advance.