Lithium electric materials: cobalt lithium is still a downturn in the market polarization is serious

The new subsidy policy for new energy vehicles will be officially implemented on June 12. According to SMM, the current TOP3 lithium battery factory orders in the third quarter of climbing signs, but the rest of the battery factory orders is still not clear, the industry generally agreed that the third quarter of the lithium power and cathode materials market will be a round of polarization after the market shuffle, the supply of structural surplus will be alleviated.

Electrolytic cobalt: the decline in foreign electrolytic cobalt continued this week. Domestic suppliers and speculative market are still in a state of distress. It is said that overseas buyers are still interested, but domestic sales morale is low. Rigid demand is basically based on market procurement. Second-class brands have sufficient supply of goods, and the selling price is as low as 550,000 yuan/ton. There is room for the supply of first-class brand traders, but the transaction situation is still not good. 5-60. 50,000 yuan/ton, the average price down 1. 250,000 yuan/ton.

Cobalt salt and nickel salt: in the past two weeks, the cobalt sulfate market transaction atmosphere is good, but the transaction price tends to fall. In may, the cobalt smelting plant in ganzhou was affected by environmental inspections and its operating rate declined. A smelter of a state-owned enterprise in jiangxi has suspended production for inspection, and it is estimated that there will be no supply during may and June. Another large smelter was shut down for 10 days. The shutdown affected about 300 tonnes of cobalt sulphate on the market, and the national supply of cobalt sulphate fell by about 7 per cent. But the news of the dwindling supply did not stop cobalt sulfate prices from falling. In addition to the active dumping of traders, the shrinking of downstream purchase volume and the wait-and-see atmosphere directly affect the cobalt salt supplier mentality. The price of cobalt chloride followed suit. The price of nickel sulphate increased with the price quoted in gansu province, and the price increased slightly. SMM cobalt sulphate is priced at 11. 70-12. 200,000 yuan/ton, the average price fell 0. 30,000 yuan/ton. SMM cobalt chloride currently costs $13. 80-14. 200,000 yuan/ton, the average price fell 0. 20,000 yuan/ton. SMM nickel sulfate price of 27,000-29,000 yuan/ton, the average price of 500 yuan/ton than last week.

Cobalt oxide: the number of cobalt inquiries increased on this Thursday, but similar to before, the demand side had a severe psychological attack, with the intention to buy nearly 400,000 yuan/ton, but the supplier was suffering from high cost of raw materials, limited space for quotation reduction. The number of cobalt inquiries increased on this Thursday, but the actual transaction was sporadic, and it is expected to see a large number of transactions next week. SMM cobalt oxide currently costs $45. 00-46. Million yuan/ton, the average price is flat compared to last week.

Cobalt oxide: the cobalt oxide market was relatively stable this week. After the cobalt oxide price dropped, some downstream manufacturers replenished and purchased, and the actual transaction price dropped along with the foreign media price. SMM cobalt oxide currently costs $41. 00-42. Million yuan/ton, the average price is down 10,000 yuan/ton compared with last week. The cobalt powder market is similar to it. The trading volume has recovered somewhat compared with the earlier period, but the trading price declines correspondingly with the decline of raw material price, and the transaction price of some non-mainstream orders drops to 680,000 yuan/ton. SMM cobalt powder costs $69. 00-70. Million yuan/ton, the average price is down 10,000 yuan/ton compared with last week.

Ternary precursor (523 dynamic model) : the power model of ternary precursor declined slightly this week, mainly due to the downward transmission of cobalt salt price, while the upward transmission of nickel salt price still needs a period of time. The SMM ternary precursor (type 523) is 13. 30-13. 500 thousand yuan/ton, the average price fell 0. 10,000 yuan/ton. The price of SMM ternary precursor (type 622) is 13. 80-14. 200,000 yuan/ton.

Lithium carbonate: the price of lithium carbonate continued to fall this week. However, the small and medium-sized suppliers are affected by the drop in trading orders and the decline in the price of industrial grade lithium carbonate. As a result, the order quantity declines and the inventory pressure increases, forcing them to follow the decline. SMM lithium carbonate costs 12. 60-13. 200,000 yuan/ton, the average price fell 0. 450,000 yuan/ton.

Lithium cobalt oxide: the digital electronics industry is still in the low season. Lithium cobalt oxide suppliers reported that although some of the downstream replenishment inventory increased purchase, the overall orders in June remained stable and did not significantly increase. SMM4. 35V lithium cobalt oxide costs 47. 00-48. Million yuan/ton, the average price is flat compared to last week.

Ternary materials (523 dynamic type) : ternary materials market trading light. The positive electrode material suppliers of the largest battery manufacturers are actively shipping at full capacity, and no idle products enter the market for sale. However, the transactions of other positive electrode material manufacturers are still dull, and the downstream manufacturers are not active in taking goods, and the sales are flat month on month. SMM ternary material (type 523) price is 21. 70-22. 700,000 yuan/ton, the average price is flat compared with last week.

lithium iron phosphate (power type) : this week, the trading price of lithium iron phosphate market is flat. Currently, the trading volume is still low, but some high-energy density lithium iron manufacturers say that the orders in the third quarter show signs of recovery, and the operating rate may increase. But the common type iron lithium supplier will face the opening rate further to decline the risk. This week SMM lithium iron phosphate (power type) price is 7. Ten to seven. 700,000 yuan/ton, the average price is flat compared with last week.

Lithium manganate: the trading price of lithium manganate is flat this week. Although the price of lithium carbonate is down in the upstream, the supply of manganese dioxide this month is tight due to the production cut in guangxi. The supplier of lithium manganate has not lowered the price. This week SMM lithium manganate (capacity) price is 4. 90-6. 200,000 yuan/ton, the average price is flat compared to last week. Lithium manganate (power version) price 6. 40-7. 300,000 yuan/ton, the average price is flat compared to last week.

Market outlook forecast: inner and outer plate of the cobalt price spreads, outside dish drop always lags behind that of the domestic, domestic smelters both concerns foreign media prices fall and fall in domestic is bigger, worried foreign media prices deviate from the actual demand, the domestic contradiction is the raw material purchasing intention, many choose to accelerate transformation of raw materials to finished products, and actively to reduce the finished goods inventory. Although the inventory level of anode material suppliers is low, they still hold a bearish attitude and do not purchase actively. The demand of TOP material factories will increase in the third quarter, but the overall demand growth of the industry is limited. In the case of low possibility of supply reduction, lithium carbonate still has some downward pressure.

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