SMM

SHANGHAI, May 8 (SMM) - The prices edged lower slightly last week. The overseas demand for high-nickel ternary precursors continued to weaken, while the domestic demand for small orders picked up only slightly amid the stable lithium salt prices. In such a context, the producers who held high in-plant inventories of ternary precursors quoted low prices to win deals. As for the costs, the prices of nickel and cobalt salts also trended lower last week. SMM presumes that the ternary precursor prices will fall further.