SMM May 26th Sanyuan material spot Express: the market demand is lower than expected and the price remains unchanged for the time being.

Published: May 26, 2020 13:54 (GMT+8)

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SMM May 26th Sanyuan material spot comment: at present, the mainstream quotation of 523 power market is 11-118000 yuan / ton, the downstream reflection is insipid, and the price has not changed for the time being. This week, the purchase demand in the terminal market is lower than expected, the order volume has not increased, the market mood is more pessimistic, and the order in June is still not ideal. The inventory downstream of the power market is still high, and the procurement demand is weak. The consumer market continues to be affected by overseas markets, and the overall market supply exceeds demand obviously.

Last week, the price of cobalt salt continued to rise, the price of nickel salt was strong, and the price of precursors showed an upward trend, but the price range changed little under the influence of downstream demand. This week, the purchase demand in the terminal market is lower than expected, the order volume has not increased, the market mood is more pessimistic, and the order in June is still not ideal. From the point of view of the power market, the inventory of battery factories and car enterprises is still high, and the overall procurement demand is weak. From the perspective of the consumer market, the overseas market has not picked up, the export of end consumer goods has continued to be restricted, some consumer battery factories have stopped purchasing, and the overall market supply still exceeds demand obviously.

Output quotation

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