The ternary cathode precursor market performed poorly [SMM Weekly Review of Ternary Cathode Precursor Market]

This week, prices of 5-series, 6-series, and 8-series ternary cathode precursors continued to decline.

Cost side, nickel sulphate and manganese sulphate prices dropped slightly due to weak downstream demand, while cobalt sulphate prices were expected to maintain their downward trend before the formal implementation of the DRC's new export policy. Market transactions remained sluggish overall. NEV market side, only some leading producers' medium-high nickel products reported moderate orders, while demand from other companies was relatively weak. Consumer market side, the off-season began, with orders pulling back.

Product series side, 6-series ternary cathode precursors were projected to further squeeze the market shares of 5-series and 8-series products in the short term. Price side, ternary cathode precursor prices may continue their slight downward trend next week.