SMM

[SMM Cobalt and Lithium Morning Meeting Summary: Due to the previous price war and price suppression by battery cell manufacturers, separator material prices have dropped to a low level, leading separator producers to show a sentiment to stand firm on quotes. Supply and demand side, as the Chinese New Year has just passed, the market recovery is slow, downstream demand remains sluggish, and the operating rate of separator enterprises has therefore declined. Facing this situation of weak supply and demand, downstream battery cell manufacturers have ceased price suppression to ensure procurement volumes.]