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SMM April 30 ternary material spot report: downstream demand is more difficult to recover the precursor factory price reduction is obvious
Apr 30,2020 16:11CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM April 30 ternary material spot comment: today ternary material 523 power price: 11.1-118000 yuan / ton, the average price is 114500 yuan / ton, the price is unchanged today. Ternary material 622 power price: 13.1-139000 yuan / ton, the average price is 135000 yuan / ton, the price is unchanged today.

Recently, downstream demand has been weak, the head of the power market battery factory has slashed production, the consumer market has been affected by the overseas epidemic, orders have also shrunk. Only electric bicycles, shared bicycles began to increment, the cycle life of ternary materials is longer than lithium manganate materials, coupled with the recent decline in the price of ternary materials, many battery factories began to use pure ternary batteries to support shared bicycles. However, because the demand for ternary materials of an electric bicycle is much lower than that of four-wheeled bicycles, it has little impact on the overall demand for ternary materials. Due to the reduction of the purchase of the precursor by the material factory and the high inventory of the superimposed part of the precursor, the price of the precursor has been reduced obviously in the near future, which has also led to the corresponding decline in the price of ternary materials.

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