SMM

In the week ending March 14, Series 5, 6, and 8 precursor prices rose slightly due to increasing raw material costs. Precursor firms raised their prices, but difficulty in passing on these increases kept transaction prices stable. Suppliers, affected by high nickel sulphate prices, are cautious with accepting orders and are aligning production with sales. Demand is supported by optimism in the nickel sulphate market and encouraging March vehicle sales, leading to active inquiries. However, downstream buyers are resistant to costly precursors, limiting the potential for substantial price increases in ternary precursors.