Lithium: Lithium salt factories which purchased raw materials outside still suffered losses, with only salt lake enterprises and self owned lithium ore resource enterprises still making profits. Meanwhile, lithium salt factories only maintained on rigid demand, with no strong support on the demand side. Recently, the price of lithium carbonate has continued to be in a weak downward trend, and the willingness of raw material holders to ship at low prices is low. The trading spot resources in the retail market was tight, with few inquiries and limited transactions. Superimposed by the proximity of industrial-grade lithium carbonate auctions in salt lakes, some companies wer cautious and didn't offer prices.
Nickel: The nickel sulfate demand was fatigue when the precursor sector stood sluggish. In addition, the price of battery-grade nickel sulfate contiues to drop and manufacturees has already suffered losses. In the face of rising MHP supply in Indonesia, nickel sulfate prices are more than likely to fall in the near term.
Cobalt: The international cobalt price has started to loosen, exacerbating the market wait-and-see sentiment. The overall market trading atmosphere was lackluster, with few transactions. Moreover, the overall demand in the downstream market was weak and market players were cautious to purchase.
Battery scrap: The scrap market was still operating below market expectations. Under the continuous weak demand for lithium salts, hydrometallurgical plants were more cautious in purchasing. To ensure the operating rate, the top enterprises focused on receiving goods than small and medium-sized processing plants and hydrometallurgical plants.
Repurposing: The repurposing market was more active and mainly dominated by ternary scrap orders yesterday. The transaction in terms of lithium iron was still relatively quiet. In addition, some enterprises have gradually laid out their industrial and commercial energy storage.
