The concept of green energy sprang up a few years ago. Recently, the orientation of carbon neutralization has been explicitly called for at the national level. The upsurge of the new energy vehicle market is still boiling. Cobalt and lithium, as important raw materials for new energy vehicles, their supply progress and whether they can keep up with the demand have been paid much attention by the market. In order to provide the market with real and authoritative data clues to help enterprises do a good job in layout and spot trading, SMM has been carefully investigated and prepared. Finally, the "output data of new energy cobalt and lithium products" was launched and published in a timely manner every month since then. Please follow, collect and forward ~!
Cobalt sulfate:
In February 2021, China produced 3615 metal tons of cobalt sulfate, a decrease of 16.6 percent from the previous month and an increase of 99.6 percent over the same period last year. In February, some cobalt salt factories have Spring Festival holidays ranging from 7 to 10 days, with fewer days of superposition and reduced production.
In March, although the stock of raw materials in some enterprises was tight, the production schedule decreased; some enterprises switched some production lines to cobalt sulfate due to increased customer demand for cobalt sulfate, resulting in an increase in supply. SMM expects China's cobalt sulfate supply to increase to 4300 tons of metal tons in March, up 18% from a month earlier and 21.4% higher than a year earlier.
Lithium carbonate:
Lithium carbonate production continued to decline month-on-month in February 2021. The slight reduction in production in Jiangxi is mainly due to 1) the partial power restriction in the industrial park caused by the protection of electricity for people's livelihood, and 2) the slight decrease in output due to the 3-4 days off in some factories during the Spring Festival.
Manufacturers in Sichuan have stopped production and maintenance due to shortage of raw materials, and raw materials may continue to affect their output in March. The operating rate in Qinghai is still low and is expected to pick up significantly in April.
Cathode material:
The output of ternary materials and lithium cobalt decreased by 13% and 18% month-on-month in February 2021, mainly due to the relatively few production dates in February and the reduction of production lines in some enterprises during the Spring Festival. In February, the output of lithium iron phosphate decreased only slightly, the downstream demand is strong, the production capacity of iron and lithium enterprises is limited, supply exceeds demand, basically all full production is full, and only a small number of small enterprises have a Spring Festival holiday. The output of lithium manganate has dropped sharply. In February, most lithium manganate enterprises stopped production at the beginning of the month, and the whole month's production time is less than a week.
Research methodology
1. Research methods
SMM production research is conducted by professional analysts by telephone, field research and other methods, regular monthly tracking of Chinese metal production enterprises, and to issue China's metal production report.
In the process of research, ensure the basic coverage proportion of the sample, and continue to expand; at the same time, consider the capacity scale, regional distribution, the nature of the enterprise and other detailed factors to reasonably select and distribute the sample, so that each sub-data is equally representative.
The production data include the output of last month (initial value), the output of the month before last month (revised) and the production schedule forecast of that month's output. In general, SMM makes less correction to the output, that is, the correction value = the initial value, but still retains the possibility of correction.
Before the 10th of each month, it will be released to the public through the official website of SMM (www.smm.cn), Wechat and Subscription account (Nonferrous Today), mobile phone station (m.smm.cn) and other official channels.
2. Sample introduction
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