SMM spot report of ternary materials on July 7th: nickel price failed to support the rise in ternary material prices. Digital products still have a downward trend.

Published: Jul 7, 2020 13:31
SMM July 7 ternary material spot express: today 523 power market mainstream quotation in 11-116500 yuan / ton, the average price is 113250 yuan / ton, the recent power market turnover is flat, downstream inquiry is too much, nickel salt price rise, failed to drive the precursor price increase, the current price is basically unchanged. The quotation of 523 digital market is mainly 9.5-103000 yuan / ton, the cash price is basically less than 100000 / ton, the inventory accumulation of some small and medium-sized factories is high, and the recent price is lower than the main current price of the market.

SMM July 7: today's 523 power market mainstream quotation in 11-116500 yuan / ton, the average price is 113250 yuan / ton, the precursor price is relatively strong, the market transaction is reduced, the price remains the same. The quotation of 523 digital market is mainly 9.5-105000 yuan / ton, the market transaction is normal, and the low price has dropped slightly. The mainstream price of 811 power market is 14.7-160000 yuan / ton, the trading volume of long order is increased, zero order is less, and the price is basically unchanged.

From the point of view of the power market, the demand for high nickel in the power market increased in July, and the purchase volume of 5 and 6 series products did not increase significantly. In addition, the raw material inventory of the battery factory was still high, and the procurement demand was lower than expected. The recent trading in the power market is flat, there are too many inquiries downstream, and the price of nickel salt has risen, which has not led to an increase in the price of the precursor, and the current price is basically unchanged.

In terms of small power and digital market, the recovery of digital market is not as expected, and the inventory accumulation of some small and medium-sized factories is relatively high. Recently, the price is lower than the mainstream price of the market. The three-yuan price of other enterprises is basically unchanged, and the cash price of digital type 523 is basically below 100000 / ton. the market competition is fierce and the price continues to be under pressure.

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 to learn 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
SK On Consolidates Georgia Operations into Single Production System
44 mins ago
SK On Consolidates Georgia Operations into Single Production System
Read More
SK On Consolidates Georgia Operations into Single Production System
SK On Consolidates Georgia Operations into Single Production System
SK On will transition to a unified production system centered on its SK Battery America (SKBA) operations in Georgia to improve efficiency in North America. According to the company on the 3rd, starting April 6 (local time), production volumes from SKBA’s first plant will be transferred to the second plant. In addition, part of the second plant’s production lines will be converted from electric vehicle (EV) battery manufacturing to energy storage system (ESS) production. The Georgia Plant 1 has an annual capacity of 10GWh and began commercial operations in the first quarter of 2022, while Plant 2 has a capacity of 12GWh and started operations in the fourth quarter of 2022.
44 mins ago
LG Energy Solution Joins Global Automotive Software Marketplace SDVerse as First Battery Maker
44 mins ago
LG Energy Solution Joins Global Automotive Software Marketplace SDVerse as First Battery Maker
Read More
LG Energy Solution Joins Global Automotive Software Marketplace SDVerse as First Battery Maker
LG Energy Solution Joins Global Automotive Software Marketplace SDVerse as First Battery Maker
LG Energy Solution announced on April 3 that it has joined the automotive software open marketplace platform SDVerse, becoming the first battery manufacturer to participate. SDVerse is a B2B vehicle software platform founded by General Motors, Magna International, and Wipro. The platform provides an open ecosystem where automakers, global suppliers, and software developers can trade software solutions, supporting the transition toward software-defined vehicles (SDVs).
44 mins ago
SK On Terminates Natural Graphite Supply Agreement with Westwater
46 mins ago
SK On Terminates Natural Graphite Supply Agreement with Westwater
Read More
SK On Terminates Natural Graphite Supply Agreement with Westwater
SK On Terminates Natural Graphite Supply Agreement with Westwater
According to Westwater Resources on the 3rd, it received a contract termination notice from SK On on March 31 (local time). Under the agreement, SK On had planned to source up to 34,000 tons of natural graphite produced at Westwater’s Kellyton facility in Alabama between 2027 and 2031, but the plan has been canceled following the termination.
46 mins ago
SMM spot report of ternary materials on July 7th: nickel price failed to support the rise in ternary material prices. Digital products still have a downward trend. - Shanghai Metals Market (SMM)