ICC News: China's ternary materials market underperformed this week in terms of turnover. Quoting prices maintain stable for the moment. As of Friday, prevailing prices of NCM523 ternary materials for power battery are 210,000 yuan/ton - 215,000 yuan/ton; NCM523 tenary materials for high-capacity battery are 190,000 yuan/ton - 198,000 yuan/ton, and NCM811 tenary materials are around 240,000 yuan/ton. Ternary materials market shipments are rather disappointing in June, which for some companies are even worse than May's level. A part of ternary material plants have began to reduce production output to a varying degrees, with some nearly halving the output. In the first half of this year, as there weren't as many factory actitivties as hoped in the power battery sector, many ternary materials plants have shifted their focus to digital market. Meanwhile, there are a small number of plants in Guangdong that are offering products with extremely low level of cobalt at relatively low price in view of poor sales. With the off-season for digital products approaching in July and August, ternary materials market outlook doesn't look promising. Meanwhile, ternary materials makers indicate the slow payment by lithium battery plants is an another common issue right now. However, some leading ternary materials enterprises are full with orders and are operating at capacity. Contrast between these two type of businesses is rather substantial and it will continue. As for ternary precursor, prevailing prices for 523 products are 125,000/ton-128,000 yuan/ton, down by 5,000 yuan/ton, largely due to reduced cobalt price and muted demand. The sector didn't fare well as expected in both production and sales. Statistics show ternary precursor still didn't see improvement in sales overall in June. Frustration with the difficulty in receiving payment. Some enterprises are not upbeat about July's performance. As for cobaltous sulfate, prevailing prices are 107,000 yuan/ton - 112,000 yuan/ton, down by 5,000 yuan/ton. Given continuous drop in cobalt price, the volume of purchases downstream sectors make is in accordance with production needs. The market largely holds wait-and-watch stance. For nickel sulphate, prevailing prices are 27,000 yuan/ton-29,000 yuan/ton. The fluctuation in metallic nickel price which is at a high position has prompted bullishment market sentiment, although a price raise seems unlikely given the demand from downstream sectors. Manganese sulphate market remains stable, with prices largely at 6,600-6,800 yuan/ton. Prevailing prices of electrolytic cobalt range from 535,000 yuan/ton-568,000 yuan/ton, down by 5,000 yuan/ton from last week. Cobaltous sulfate price continued to pulled back. Prevailing quotes are at 430,000-440,000 yuan/ton, down 10,000 yuan/ton from last week. LFP (lithium iron phosphate) market is recovering driven by enterprises' replenishing activities following the declining of inventories as a result of a relatively low operating ratio earlier. Meanwhile, leading companies are significantly more orders and expect full production in July. There hasn't been much change in price recently, although that could change for new contracts in July as some deals are renewed every half year. Lithium carbonate market overall is stable. Companies largely attribute recent fall in price to weak demand caused by the selling off of low price industrial carbon. Right now, prevailing prices of electric carbon maintain at 123,000 yuan/ton-128,000 yuan/ton, industrial carbon are 110,000-115,000 yuan/ton, few saline lake industrial carbon has dropped to 105,000 yuan/ton, lithium hydroxide is at 125,000 yuan/ton-130,000 yuan/ton and there aren't many deals signed. For lithium carbonate, 120,000 yuan/ton is viewed a vital mark as it was also at this level of price when the market was shored up during the worst downturn last year.
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