Currently, long-term agreement orders still dominate market transactions. Affected by the limited acceptance of spot order prices by downstream buyers and their strong desire to bargain down prices, producers maintain a firm stance of refusing to budge on prices, resulting in an ongoing tug-of-war between buyers and sellers. The purchase of manganese sulphate is relatively unstable, and the precursor market is rather mediocre. Against the backdrop of high cobalt sulphate prices, some producers have optimized their product mix, increasing the proportion of medium-to-high nickel precursors in their output.