SMM May 25th Ternary precursor spot Express: the purchase price of precursor in the lower reaches of this week may rise slightly with cobalt salt.

Published: May 25, 2020 12:20

SMM May 25th: recently, the mainstream quotation of the ternary precursor 523 (power type) market has risen, but there is no transaction; the mainstream market price of the ternary precursor 622 (power type) is 7.8-81000 yuan / ton, the market transaction is less, and the price remains unchanged.

Recently, cobalt salt prices continue to rise, nickel prices remain high, near the end of the month, downstream gradually open purchase orders, the domestic power market, the order volume has not increased compared with May. The price of the precursor has risen somewhat, the basic price of 75000 yuan / ton is the main, the price of the precursor may rise with the price of raw materials, at present, affected by the downstream demand, the rising space is still not big, the specific transaction price depends on the turnover of orders this week.

From the perspective of the digital market, affected by overseas markets, the price of 523 digital basically fell to 6.5-68000 yuan / ton last week, while the price of nickel 55 has fallen below 65000 yuan / ton. It is expected that the overseas epidemic situation will improve in June, the customs of various countries will gradually lift the ban, and the demand side may pick up.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Samsung SDI Targets AI Data Center BBU Market With Cylindrical Batteries
1 hour ago
Samsung SDI Targets AI Data Center BBU Market With Cylindrical Batteries
Read More
Samsung SDI Targets AI Data Center BBU Market With Cylindrical Batteries
Samsung SDI Targets AI Data Center BBU Market With Cylindrical Batteries
Samsung SDI announced on August 4 that it will strengthen its push into the AI data center battery backup unit (BBU) market with cylindrical batteries that offer space efficiency, high output and safety. The company plans to expand the application of its cylindrical batteries from power tools and home appliances to BBUs for artificial intelligence (AI) data centers.
1 hour ago
Fayette County to Take Over Permitting and Inspection Work for LG Energy Solution-Honda U.S. Battery Plant
2 hours ago
Fayette County to Take Over Permitting and Inspection Work for LG Energy Solution-Honda U.S. Battery Plant
Read More
Fayette County to Take Over Permitting and Inspection Work for LG Energy Solution-Honda U.S. Battery Plant
Fayette County to Take Over Permitting and Inspection Work for LG Energy Solution-Honda U.S. Battery Plant
According to local U.S. media reports, the Fayette County Board of Commissioners in Ohio unanimously approved on June 29 a proposal for the county building department to resume reviewing building permits and conducting site inspections for the L-H Battery Company plant. The work had previously been handled by the state government. Following the decision, construction-related permitting and inspection authority for the battery plant near Jeffersonville will be transferred to Fayette County.
2 hours ago
Electric Vehicles Excluded From “Korean IRA” Tax Credit Scheme
2 hours ago
Electric Vehicles Excluded From “Korean IRA” Tax Credit Scheme
Read More
Electric Vehicles Excluded From “Korean IRA” Tax Credit Scheme
Electric Vehicles Excluded From “Korean IRA” Tax Credit Scheme
In the tax reform plan announced on August 3, the South Korean government limited domestic production tax credit support to six sectors: semiconductors, secondary batteries, artificial intelligence (AI) robot components, critical materials, solar power and wind power. As a result, electric vehicles were excluded from the domestic production tax credit scheme, often referred to as the “Korean IRA.”
2 hours ago