In January 2020, the average monthly price of SMM ternary materials was 131500 yuan / ton, down 0.45% from the previous month and 14.6% from the same period last year. The market price of Sanyuan material is relatively stable this month. Although the price of the upstream precursor has risen with the cobalt price, the downstream battery factory has reacted coldly and does not accept the price increase. The battery factory is not optimistic about the demand in the car market after the year, and the order quantity is relatively small. The material factory has not yet consumed the inventory of the precursor purchased at a low price in December, and accepted the transaction at the price before New year's Day.
See February 2020 High-end monthly report on China's Cobalt and Lithium New Energy Industry chain