Cobalt stable lithium carbonate has room for further price reduction

Cobalt derivatives prices are rarely stable this week. In mid-April, consumer electronics is still in the off-season. The recovery of power batteries is slower than expected. The weakness of terminals has finally restrained the upstream surge. The trading price of cobalt derivatives market is flat this week. For lithium salts, SMM believes that lithium carbonate still has some room to fall in the second quarter, but the space is limited, mainly because the quality of new lithium carbonate products in the market still needs to be improved.

Foreign media quote after electrolytic cobalt: western Easter rose slightly, the domestic speculative market fight long-short active, disk price fluctuate. Spot trading wait-and-see attitude increasing, although the mainstream manufacturers and importers are rising costs are still higher price, but the downstream appetite, mainly deals in traders and just to the guest.SMM electrolytic cobalt, the current price of 66.5-683000 YUAN/ton, price rise in the previous 3000 YUAN/ton.

Cobalt salt and nickel salt: this week the cobalt salt market small shocks, mainly downstream of the current consumption is still no improvement, according to the SMM investigation, the march cobalt sulfate inventory increase. Cobalt salt suppliers in the finished product inventory increase, but the price remains high, some suppliers concerns prices tumbling, to control risk voluntarily shipment, but when bargaining, but less to the demand price. Nickel sulfate, in weak demand and the dual effects of elect roles nickel prices continue to decline slightly.SMM cobalt sulfate price for 14-144000 YUAN/ton, average prices held steady last week.SMM cobalt chloride current price of 16.2-166000 YUAN/ton, average prices held steady last week.SMM nickel sulfate price of 2.65-28500 YUAN/ton, average prices fell 1000 YUAN/ton last week. The cobalt oxide, cobalt market slightly on Thursday, the mainstream supplier offer up, no longer wait for the downstream cobalt acid lithium price transmission costs.SMM the cobalt oxide the current price of 49.5-505000 YUAN/ton, the average price is relatively flat last week.

Cobalt oxide, cobalt oxide supplier this week offer flat, downstream accept ability is limited, try to reduce their demand for cobalt oxide, cobalt oxide light trading market this week.SMM cobalt oxide the current price of 47-480000 YUAN/ton, the average price is relatively flat last week.

Cobalt powder, cobalt powder market vendors offer firm in 780000 YUAN/ton, but the current price shocks, the downstream exist certain wait-and-see attitude, purchasing more cautious, lack of trading volume.SMM cobalt powder 74.5 755000 YUAN/ton price, average price is relatively flat last week. Ternary precursor: smooth ternary precursor market this week, this week, the market is given priority to with smooth delivery, trading was sporadic.SMM ternary precursor (523) the price of 14.4-148000 YUAN/ton, the average price is relatively flat last week.

Lithium carbonate, lithium carbonate market prices this week began to differentiation. Always in demand, but lithium supply release continues, although qualified quality lithium capacity release still needs a period of time, but the market mentality has been unstable, small and medium-sized suppliers and traders to start shipment, hope to reduce its inventory to reduce risk. Despite the shipment supplier offer positive, but the market to buy up state of mind, an exodus still maintain a small amount of purchasing habits for many times.SMM lithium carbonate price of 14.8-150000 YUAN/ton, the average price decline in the previous 01000 YUAN/ton.

Cobalt acid lithium cobalt acid lithium market clinch a deal to focus on the high-end The battery Factory hands, the current mainstream cobalt acid lithium suppliers offer is in 500000 YUAN of above, but the price is only part of the high-end digital battery manufacturers can accept that. Small and medium sized cobalt acid lithium suppliers shipping prices are still up difficult.SMM4.35 V cobalt acid lithium price of 48.5-495000 YUAN/ton, average prices rose 05000 YUAN/ton last week.

Three ingredients: three YUAN market demand smoothly. Supplier said April orders with 3 month-on-month, market demand, there is no signs of recovery.SMM ternary material (523) the price of 23.2-234000 YUAN/ton, the average price unchanged from last week.

lithium iron phosphate lithium iron phosphate market overall is more stable, north China, south China area starts recovery is good, but the central China, southwest area market momentum has not been improved obviously and still give priority to in order to digest inventory. Widely expected to after may, with the subsidies end of transition period and 18 years in the implementation of the new subsidies, the downstream demand or will change.SMM lithium iron phosphate price of 8.0-90000 YUAN/ton, the average price unchanged from last week.

Market outlook forecast: is expected in the second quarter The lithium battery Stable market demand or cobalt price will be high and volatile, lithium carbonate price under the condition of the supply is having some downward pressure.

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