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SMM spot Express for Ternary precursors on July 6th: downstream demand is difficult to support the rising prices of ternary precursors. The actual transaction price is basically unchanged.
Jul 6,2020 16:15CST
translation
Source:SMM
SMM spot express for ternary precursors on July 6th: recent transaction orders for ternary precursors 523 (power type) have decreased, cobalt salt prices have been stable, and nickel salt prices have fluctuated greatly but have been purchased less recently. Some large precursor manufacturers have quoted prices up 2000,000,000 yuan / ton, but downstream demand is more difficult to support the price rise. The actual transaction price of conventional 523 is still basically 7.1-73000 yuan / ton. The transaction price of 523 single crystal form is 7.3-75500 yuan / ton; The price of 523 (digital) fell slightly, and the transaction price was around 6.75-69500 yuan / ton.
The content below was translated by Tencent automatically for reference.

SMM July 6th: recently, the transaction order of the ternary precursor 523 (power type) has decreased, and the price has basically remained stable, with the transaction price at 7.1-73000 yuan / ton; the price of 523 (digital type) has dropped slightly, with a transaction price of about 6.75-69500 yuan / ton. At present, the zero order transaction of the ternary precursor 811 (power type) is not much, and the price is mostly in the range of 9.05-95000 yuan / ton, while the long order is still less than 90,000 yuan / ton.

From the perspective of power market, the price of cobalt salt has been stable recently, and nickel salt has fluctuated greatly, but the precursor plant is mainly wait-and-see and the purchase quantity is less. The downstream domestic power market is still recovering gradually, and the demand for high nickel has increased obviously, but the demand for 5 and 6 series products is basically stable. Some of the precursor companies quoted a price increase of 2000,000,000 yuan / ton, but it is difficult for downstream demand to support the price rise. the actual transaction price is still 7.1-73000 yuan / ton, and the single crystal transaction price is 7.3-75500 yuan / ton.

In other markets, the market for electric two-wheelers was better in July, the digital market basically entered the off-season, and the demand remained stable. The prices of some small factories fell by 500mur1000 yuan / ton, a small drop.

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