Home / Metal News / Cobalt & Lithium / SMM spot report of Ternary Materials on July 20th: the rise in the price of cobalt salts has not been transmitted to the continuous pressure on the price of ternary materials in the material factory.
SMM spot report of Ternary Materials on July 20th: the rise in the price of cobalt salts has not been transmitted to the continuous pressure on the price of ternary materials in the material factory.
Jul 20,2020 14:13CST
translation
Source:SMM
SMM July 20 ternary material spot express: today's 523 power price in 10.8-116500 yuan / ton, the average price is 112250 yuan / ton, low price drop of 2000 yuan / ton cobalt salt price rising trend is obvious, but has not yet transmitted to ternary material enterprises. It is difficult for battery factories to accept the rise in material prices, battery factories have strong bargaining power, and the low prices of ternary materials continue to fall. 622 power prices range from 12.8 yuan / ton to 137500 yuan / ton, with an average price of 132750 yuan / ton, with a low price drop of 2000 yuan / ton.
The content below was translated by Tencent automatically for reference.

SMM July 20: today, the price of 523 power model is 10.8-116500 yuan / ton, the average price is 112250 yuan / ton, the low price is 2000 yuan / ton; the price of 523 digital market is mainly 9-100000 yuan / ton; the price of 622 power model is 12.8-137500 yuan / ton, the average price is 132750 yuan / ton, the low price is down 2000 yuan / ton.

From the perspective of the power market, in addition to high nickel products, the growth rate of demand for conventional ternary materials is relatively low, and the inventory of automobile enterprises and battery enterprises is still relatively high. Downstream automobile enterprises exert cost pressure on battery factories, and battery factories continue to lower prices for ternary material enterprises in order to reduce costs. At present, the rising trend of cobalt salt price is obvious, but it has not been transmitted to ternary material enterprises. Battery factories are more difficult to accept the rise in material prices, battery factories have strong bargaining power, and the low price of ternary materials continues to fall.

In terms of small power and digital market, the downstream demand is better, but the market competition is fierce, the supply of ternary materials exceeds demand, the downstream market does not have high requirements for material quality, and the phenomenon of selling goods at low prices in the market is serious. At present, the price of 523 digital models is less than 90,000 yuan / ton.

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