SMM12 March 25: today, the stock price of lithium battery plate is strong, the limit of western resources is up, Rongbai technology and cold sharp cobalt industry are up more than 8%, Funeng technology and divine materials are up.
The demand for new energy vehicles is growing, and the price of raw materials upstream is rising, which is ushering in a new round of rising cycle.
According to SMM research, battery-grade lithium carbonate has shown an overall upward trend since mid-late August. As of December 24, the average price of battery-grade lithium carbonate was 49250 yuan / ton, up 9500 yuan / ton from the lowest level since the beginning of the year.
"Click to view the spot historical price of SMM cobalt lithium
SMM believes that some ternary material manufacturers will start purchasing raw materials next month in late December, and the downstream bargaining mood is higher, and the price is expected to increase only slightly by about 1000 yuan / ton. And January 2021 will continue the mood of stock preparation at the end of the year, superimposed some lithium salt manufacturers in January-February have stopped production and maintenance, to the market or centralized stock procurement behavior, so we expect the supply and demand structure will be tight or will intensify, SMM expects the price in the first quarter may steadily rise to 53000 yuan / ton.
Wanlian Securities said that lithium production is expected to increase by 12% year-on-year in the next five years, while demand will benefit from the 24% annual increase in electric vehicle penetration. From 2023, the industry-wide supply and demand relationship will reverse, and the lithium cycle may accelerate upward.
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