Price:
|
|
|
|
|
(Unit:Yuan/t) |
|
Product |
Type |
2024/10/31 |
2024/10/30 |
Change |
|
Ternary precursor |
523 Poly-crystal |
63,000-68,000 |
63,000-68,000 |
0 |
|
622 Sing-crystal |
72,000-76,000 |
72,000-76,000 |
0 |
|
|
811 Poly-crystal |
80,000-90,000 |
80,000-90,000 |
0 |
|
|
Ternary cathode material |
523 Poly-crystal |
93,000-100,000 |
93,000-100,000 |
0 |
|
622 Sing-crystal |
105,000-113,000 |
105,000-113,000 |
0 |
|
|
811 Poly-crystal |
122,000-132,000 |
122,000-132,000 |
0 |
Outlook:
The ternary precursor prices are expected to stabilize entering November. The quotations remained stable last week, though nickel sulfate prices edged down. Nevertheless, the transactions rarely improved as the downstream consumers purchased on rigid demand. Since Mysteel survey showed that the ternary cathode material production is likely to drop further in November, the precursor sector is likely to stay soft in the near future.
Although lithium prices went down slightly, the cost transmission was relatively slow, thus the prices of ternary cathode materials still stabilized. With the demand end staying sluggish, the ternary cathode material production is likely to have dropped in October, which is estimated to edge down further in November. On the other hand, the producers also worried about the potential defaults. Moreover, the price competition was still fierce, and market transactions may be dominated by long-term agreements. The price of ternary cathode materials is expected to continue to run weakly.
Edited by Cassie Li, lixiangying@mysteel.com
