[SMM Analysis] This Week, Scrap Coefficient Fluctuated Slightly, and Black Mass Prices Generally Fluctuated Along with Salt Prices and Coefficient.

Published: Dec 20, 2024 19:32
This week, the recycled scrap market prices fluctuated. In the lithium iron phosphate sector, as time entered mid-to-late December, coupled with the continued losses between lithium chemical prices and black mass production costs, lithium iron phosphate prices dropped slightly.

》View SMM Nickel Quotes, Data, and Market Analysis

This week, the recycled scrap market prices fluctuated. On the lithium iron phosphate side, as time moved into mid-to-late December, coupled with the continued losses between lithium chemical prices and black mass production costs, lithium iron phosphate prices dropped slightly. On the ternary side, nickel sulphate prices rose slightly this week, continuing last week's trend, while cobalt sulphate prices remained basically stable, and lithium carbonate prices dropped slightly. Supply side, salt plants continued to operate at a loss, with strong sentiment to stand firm on quotes. This week, the prices of ternary and pure cobalt scrap fluctuated with changes in nickel, cobalt, and lithium chemical prices, while ternary pole piece coefficients were around 75-77, up by approximately 0.5 WoW, and battery coefficients were around 70-74, remaining basically stable. Currently, as time moves into mid-December, most enterprises still maintain just-in-time procurement and production, with low willingness to accept high-priced black mass. In the short term, scrap prices are expected to fluctuate with nickel, cobalt, and lithium prices.

 

》View SMM Nickel Product Spot Quotes

》Order to View Historical Price Trends of SMM Metal Spot

[For more content, please subscribe to SMM Nickel Research Group's products, including the "China Nickel-Chrome-Stainless Steel Industry Chain Regular Report" and the "China Nickel-Chrome-Stainless Steel Industry Chain High-End Report," to access the latest data analysis and market insights on nickel ore, NPI (China + Indonesia), refined nickel, nickel sulphate, chrome ore, ferrochrome, and stainless steel (China + Indonesia). For subscriptions or trial access, please call 021-51666863, contact: Jian Fu.]》Click to Subscribe to the SMM China Nickel Industry Chain Annual Report to Gain Comprehensive and In-Depth Industry Chain Data, Survey Information, and SMM Professional Analysis


 

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
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
23 hours ago
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
Read More
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
[SMM Nickel Flash] Based on nickel ore prices from 25 days ago, smelter profits for high-grade NPI remained high this week. However, from the current raw material side, ore prices from both the Philippines and Indonesia increased, while auxiliary material prices saw a slight pullback, leading to an increase in the cash cost of producing high-grade NPI from spot ore. At the same time, high-grade NPI prices experienced some pullback, making it difficult for smelter profits to see sustained improvement.
23 hours ago
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
23 hours ago
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
Read More
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
[SMM Nickel Flash] This week, due to a sharp decline in futures triggering arbitrage selling, high-grade NPI prices fell significantly. However, after the selling activity subsided, upstream quotations and the market center gradually returned to normal levels, supported by cost factors. Looking ahead, as the Chinese New Year holiday approaches, market activity is expected to remain subdued, and high-grade NPI prices are projected to hover at highs with limited fluctuations.
23 hours ago
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
23 hours ago
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
Read More
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
[SMM Nickel Flash] The SMM average price of 10-12% high-grade NPI fell 17.2 yuan/mtu WoW to 1,035.8 yuan/mtu (ex-factory, tax included), while the Indonesia NPI FOB index average price dropped 2.06 $/mtu WoW to 131.2 $/mtu. At the beginning of the week, futures hit limit-down, and nickel prices fell sharply WoW, driving the emergence of arbitrage supplies sold at low prices, leading to a significant decline in high-grade NPI prices.
23 hours ago