Latest Update in the China Ternary Precursor and Material Market

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on November 27, 2020

The delivery ceremony of a high-pressure reactor, a core equipment of the hydro-metallurgy project at Huayue Nickel & Cobablt (Indonesia) of Huayou Cobalt & Morimatsu, was held at Morimatsu’s Nantong factory on November 20.  Since then, all four high-pressure reactors have been completed and delivered, marking that the Huayue project is about to enter a new stage of key equipment installation.

The dollar was on the defensive on Thursday as downbeat U.S. economic data and optimism about coronavirus vaccines prompted investors to seek out riskier assets tied to global commodities and emerging markets.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on November 26, 2020

The dollar rebounded from a three-month low against a basket of currencies on Wednesday as a risk-on rally in global financial markets appeared to stall after U.S. data showed a less-than-rosy economic picture.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on November 25, 2020

China’s annual electric bicycle sales have exceeded 30 million units in the past few years, with social e-bike ownership rising close to 300 million units, and output of bikes over 1,000 yuan continues to increase, according to China Bicycle Association.

The dollar fell on Tuesday as risk appetite improved after U.S. President Donald Trump accepted the transition to a Joe Biden presidency and on optimism that COVID-19 vaccines are close to being rolled out.