Ternary Precursor Weekly Analysis 【SMM Analysis】

Published: Aug 18, 2024 20:31

Source: SMM

Save

This week, the price of ternary precursors has slightly decreased.

This week, the price of ternary precursors has slightly decreased. Regarding cost, the prices of cobalt sulfate and nickel sulfate have been adjusted downwards during the week, which reducing the producing cost of ternary precursors. The declined sulfate price dragging down the price of ternary precursors. On the supply side, ternary precursor merchants have started producing according to the production plan for August, and the overall market supply situation is relatively stable. In terms of demand, the downstream maintained rigid demand for procurement, with long-term contracts dominating the market and fewer spot transactions. Both supply and demand sides are adopting a cautious attitude towards the market. Looking ahead, there may be a limited space for a decrease in cobalt sulfate prices, while the price for nickel sulfate may see a slight rebound due to the impact of refined nickel, and the price of ternary precursors is expected to remain weak and stable.

Ternary Precursor Price

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

3 hours ago

Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth

On January 28th, the construction of the 500-kilovolt power transmission and transformation project in Fengtai, Beijing officially started. This project is the first newly-built 500-kilovolt power grid project in Beijing during the 15th Five-Year Plan period. It will significantly enhance the resilience and power receiving capacity of the southern Beijing power grid and provide reliable power support for Beijing to continuously optimize the investment structure and vigorously develop high-end, precise, and cutting-edge industries. The 500-kilovolt power transmission and transformation project in Fengtai, Beijing is a key project of Beijing's power grid during the 15th Five-Year Plan period and one of the "3 100" key projects in Beijing this year. It is constructed and managed by the State

3 hours ago

Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run

On February 1st, the 500-kilovolt AC system of the Hezhou Converter Station, the receiving-end station of the ±800-kilovolt UHV DC power transmission project from northern Shaanxi to Anhui, was officially put into operation after a 24-hour trial run.

3 hours ago

750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational

On February 2nd, the 750-kilovolt power transmission and transformation project of the third passageway from northern Shaanxi to central Shaanxi was fully connected. The project starts from the 750-kilovolt Shuofang Substation in Shenmu City in the north and ends at the 750-kilovolt Bailuyuan Substation in Lantian County in the south. It has newly built a 1,271-kilometer line, passing through 18 counties (districts) in 4 cities including Yulin, Yan'an, Weinan and Xi'an.

3 hours ago