Ternary cathode material market shows mediocre performance [SMM Weekly Review of Ternary Cathode Material Market]

This week, ternary cathode material prices continued to decline. Cost side, nickel sulphate, cobalt sulphate, and manganese sulphate all dropped slightly, while lithium carbonate and lithium hydroxide prices remained under pressure without hitting bottom.

NEV market side, end-user auto sales fell short of expectations, leading to sluggish demand for cathode materials and weak market sentiment. Except for some leading battery cell manufacturers whose orders increased, overall demand stayed sluggish.

Consumer market side, despite rising overseas demand, producers had stockpiled raw materials during the March-April price surge. Facing the current downtrend in raw material prices, the market held bearish views on cobalt salt and lithium chemicals. Additionally, stockpiling for the '618' shopping festival ended, with companies generally shifting to destocking.

Price trend side, lithium carbonate, nickel sulphate, and cobalt sulphate still have further downside room. Ternary cathode material prices, affected by upstream raw material fluctuations, may continue to decline.