This week, in the ternary cathode precursor market, prices for 5-series products for consumer electronics fell, while prices for 6-series products for consumer electronics and 8-series products for NEV rose slightly.
In terms of raw material costs, nickel sulphate prices rose slightly, while cobalt sulphate and manganese sulphate prices declined slightly. Due to the high proportion of cobalt sulphate in 5-series ternary cathode precursors, their prices pulled back due to the decline in cobalt sulphate prices. In contrast, 6-series and 8-series precursors, with a higher proportion of nickel sulphate, showed a slight upward trend in prices.
Demand side, the market for large power-type precursors remained relatively stable. Although there was a shift in orders among producers, overall demand did not fluctuate significantly, mainly supported by existing projects. In comparison, demand for small power-type and consumer-type precursors has performed well recently. However, due to their limited overall scale, their boost to overall market demand remains relatively limited. In terms of supply, due to significant market fluctuations this year, producers of power-type precursors have generally ceased signing long-term contracts (such as six-month or one-year contracts) and have instead adopted monthly negotiations on discounts for transactions. A few enterprises have even raised the discount coefficients for long-term contracts. Consumer-type precursors are still mainly shipped via spot orders, and their discount coefficients have not changed significantly since April. Precursor producers and downstream material plants are still engaged in price negotiations.
Looking ahead to next week, nickel sulphate and cobalt sulphate prices are expected to continue their mild upward trend, and ternary cathode precursor prices may rise slightly further, driven by raw material costs.
SMM New Energy Industry Research Department
Wang Cong 021-51666838
Ma Rui 021-51595780
Feng Disheng 021-51666714
Lv Yanlin 021-20707875
Zhou Zhicheng 021-51666711
Zhang Haohan 021-51666752
Wang Zihan 021-51666914
Wang Jie 021-51595902
Xu Yang 021-51666760
Chen Bolin 021-51666836
Yang Le 021-51595898
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