The prices of NMC materials continued to drop in April. From the perspective of cost, the sharp drop in prices of lithium lowered the manufacturing cost of NMC materials significantly. In terms of demand, the demand from motive battery market remained poor, and the growth in demand from digital products could hardly support prices of NMC materials.
The market inquiries and transactions were quiet. That, coupled with some enterprises lowering prices to promote sales, continued to drag down traded prices. At the end of the month, affected by the stabilisation of lithium salt prices, NMC companies that adopted low-price strategies in the first place raised their quotes, especially after lithium prices rose. This pushed up the average traded price.
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