[SMM Analysis] Lithium hydroxide over Lithium Carbonate Premium range narrows the price of battery-grade Lithium Carbonate closer to Industrial Grade Lithium Carbonate

SMM, June 21:

The operating rate of lithium salt is much higher than that of cathode materials, it is still difficult to ship, and the inventory pressure is rising.

As of June 19, the average daily price of SMM battery-grade lithium carbonate was 40750 yuan / ton, down 18.9% since the beginning of the year. The average daily price of industrial-grade lithium carbonate is 34500 yuan / ton, down 12.7% since the beginning of the year. The average daily price of SMM battery-grade lithium hydroxide is 52000 yuan / ton, down 4.6% since the beginning of the year.

In terms of demand, among the four major cathode materials, due to the highest concentration of lithium cobalt oxide suppliers and relatively stable market demand, the operating rate has basically remained high since the beginning of this year; the operating rate of ternary materials and lithium manganate has recovered slowly; and lithium iron phosphate due to the rapid growth of energy storage market demand, superimposed power market cost reduction requirements, the operating rate has been significantly repaired in the second quarter. On the supply side, lithium salt enterprises in order to reduce production costs, increase shipments to withdraw cash and other considerations, the operating rate has been higher than the cathode material enterprises, resulting in an increasing inventory of the industry, shipping is difficult.

We are pleased to provide the whole market with the newly launched SMM China Cobalt Lithium New Energy Weekly (click to view) to help you keep track of the weekly hot spots of China's cobalt lithium new energy industry chain and gain an in-depth understanding of market supply and demand changes and price trends.

SMM's newly launched Cobalt Lithium New Energy Industry Weekly mainly tracks the market trends and price changes of the whole industry chain in China, such as cobalt, lithium, precursors, battery materials, lithium batteries and new energy vehicles, while reviewing weekly hot events and topics, with lithium battery as the core series of the entire industry chain, by showing the most clear industry data, conduct panoramic in-depth analysis.

In SMM China Cobalt Lithium New Energy Weekly, you can learn about the price, output, capacity, operating rate and inventory changes of each product in the cobalt and lithium industry chain. We will also track the demand changes and national policies of the global lithium battery terminal market (including new energy vehicles, 3C consumer electronic products, etc.) to give a comprehensive overview of the cobalt lithium new energy industry chain.

If you want to know more about China's cobalt lithium new energy industry chain data, you are welcome to subscribe to our SMM China Cobalt Lithium New Energy monthly report and China Cobalt Lithium New Energy Database.

Welcome to contact SMM Cobalt Lithium New Energy Research team:

Qin Jingjing 021 Murray 51666828

Mei Wang Qin 021 Mui 51666759

Huo Yuan 021 Murray 51666898