Raw material side, spot lithium carbonate prices began to rise this week, while cobalt sulphate and nickel sulphate prices remained temporarily stable.

This week, ternary cathode precursor prices rose somewhat. Today, nickel sulphate prices edged down slightly, cobalt sulphate prices held steady, and manganese sulphate prices increased slightly. Discounts, for April and Q2 orders, some producers were willing to raise discounts due to large fluctuations in raw material prices. Long-term contracts, some producers recently finalized long-term contracts; some producers saw slight increases in nickel and cobalt discounts, while some producers may still have some room for negotiation on processing fees. However, as downstream demand for high-priced raw materials remained weak, upside room is expected to be limited. Spot orders, the Ni-Co-Mn coefficient for March spot orders had already moved higher, and with current downstream procurement sentiment weak, further upside room is expected to be limited. Production, as China entered the off-season for demand this month, some enterprises saw their production schedules pull back. The export tax rebate deadline had passed, and production intensity at some enterprises related to the rush to export also declined. Looking ahead, cost support for sulphates remained relatively strong, but downstream acceptance of prices will depend on Q2 downstream demand.

SMM March 31 News: Raw material side, lithium carbonate prices fluctuated this week, cobalt sulphate prices dropped slightly, and nickel sulphate prices were temporarily stable.

Raw material side, this week lithium carbonate and nickel sulphate prices fluctuated, while cobalt sulphate prices began to drop slightly after remaining stable for an extended period.

SMM Feburary 16 News: Raw material side, this week lithium carbonate prices began to rise continuously, while cobalt sulphate and nickel sulphate prices remained stable.

SMM Feburary 26 News: This week, nickel sulphate and cobalt sulphate prices were basically flat, while lithium carbonate prices fell before rising again.