Home / Metal News / Cobalt & Lithium / SMM May 18 Ternary precursor spot Express: the operating rate of precursor enterprises has been reduced, and the procurement volume of the material factory has been significantly reduced.
SMM May 18 Ternary precursor spot Express: the operating rate of precursor enterprises has been reduced, and the procurement volume of the material factory has been significantly reduced.
May 18,2020 13:40CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM May 18: recently, the mainstream quotation of the ternary precursor 523 (power type) market is 72000 yuan / ton, the downstream procurement demand is weakened, the price reduction is serious, the actual transaction is less; the mainstream price of the ternary precursor 622 (power type) market is 7.8-81000 yuan / ton, the market transaction is less, the price remains unchanged.

Recently, overseas car companies in Europe and the United States have gradually resumed work, but it has not yet been transmitted to domestic precursor factories, and the export volume of ternary precursors has not yet recovered. The inventory of the downstream material factory in the domestic market is relatively high, the recent purchase volume is obviously reduced, and the precursor enterprises gradually reduce the operating rate.

Last week, cobalt salts had a rising price trend, nickel salts remained relatively stable, downstream demand was weak, and the price of precursors was obviously upside down. At present, most of the quotations in the 523 power market are about 72000 yuan / ton, and there are too many downstream inquiries, and the actual transaction is sporadic. Most of the small and medium-sized factories have traded nickel 55 and 523 digital models, and the price has also continued to decline, basically in the range of 6.6-69000 yuan / ton.

Output
quotation

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news