Home / Metal News / Cobalt & Lithium / 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.
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.
May 25,2020 12:20CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

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.

Quotation
price forecast

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