Demand for CAMs Nosedived

SHANGHAI, Mar 16 (SMM) - At present, the demand from power battery, electronics, and E-bike battery sectors was still weak. In power battery market, the demand for auto mobile picked up in February, leading to a significant month-on-month increase in sales. However, the high inventory of vehicles and batteries weighed on the demand for ternary and LFP. At the same time, the rapid recovery of overseas market has drove up the demand for 8-series ternary batteries. In addition, the overall demand in the electronics market was still weak. The falling prices of lithium deepened the downstream wait-and-see sentiment.