"【Further Increase in Inventory Clearance Efforts by Battery Manufacturers in December, Continued Weakness Expected in the Ternary Industry Chain】SMM December 1st News: Ternary precursor prices fell this week. The market's focus is still on the discounts for long orders next year. Mainstream precursor companies prioritize quantity, but are cautious about offering discounts, and the market is still in a deadlock, with downstream intention discounts ranging from 85-90%. On the cost side, nickel and cobalt prices are still declining this week, and ternary precursor companies' prices are linked to the drop in metal prices.

On the demand side, both domestic and overseas demand is weak, with certain production declines in positive electrode factories in December, leading to weaker demand for precursor materials. On the supply side, the weakening demand has led to a decrease in precursor companies' operating rates, and has had a certain magnifying effect.

Looking ahead, there is still room for nickel and cobalt salt prices to decline, and ternary precursor prices may gradually decline along with raw material prices."