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SMM May 12 ternary precursor spot report: post-festival price pressure shipment difficult downstream purchase volume sporadic
May 12,2020 11:51CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM May 12: today's ternary precursor 523 (power type) market mainstream price 7.1-73000 yuan / ton, the market transaction is mainly long single, after the festival power market order is less, the price remains unchanged; ternary precursor 622 (power type) market mainstream price 7.8-81000 yuan / ton, the price remains unchanged, 622 products are exported abroad, domestic transaction is not much, price fluctuation is not big.

After the festival downstream material factory inquiry is too much, the actual transaction is sporadic, the cobalt price is strong, the nickel price rises slightly, the downstream pressure price is serious, the precursor price is still in the low position. Recently, several precursor factories have taken the initiative to reduce prices in order to reduce inventory, with a total transaction volume of several hundred tons. Other enterprises due to raw material prices and other cost reasons, price reduction space is limited, shipment is difficult.

Recently, the demand in the digital market has weakened, taking into account the cost relationship, downstream purchase of nickel 55 and other low-price 5-series products, 523 model precursor transaction orders sporadic, in addition, the material factory on-demand procurement, each purchase volume of only a few dozen tons.

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