This week, the prices of 5-series and 6-series consumer-grade ternary cathode precursors, as well as 8-series power-grade precursors, all experienced a certain degree of increase.
On the raw material cost side, nickel sulphate prices rose, cobalt sulphate prices remained unchanged, while manganese sulphate prices declined. As a result, the prices of high-nickel content products saw a significant increase. Supply side, with the Chinese New Year approaching and this week being a non-traditional procurement period, the spot order market appeared relatively quiet. Demand side, ternary cathode material companies showed a higher acceptance of precursor prices. Currently, long-term contracts signed with precursor companies have not seen further progress.
Looking ahead to future price trends, precursor prices are expected to remain stable next week, mainly due to the impact of the Chinese New Year holiday, during which logistics will face suspension.
