SMM, June 6 / PRNewswire-Asianet /-
This month, the subsidy transition period officially ended, the leading effect of the power industry has become more and more significant, Ningde era as a high-quality capacity bargaining power, at present, R & D investment should be put in the first place; BYD industrial chain is complete, the pressure to reduce costs is relatively small. Conduction to the upstream positive material factory, but also gradually affected by the leading effect, the operating rate of each enterprise is different. For the power battery industry, this year may be a year of reshuffle, adjustment and transformation.
Consumer batteries, today, the Ministry of Industry and Information Technology to China Telecom, China Mobile, China Unicom, China Radio and Television issued 5G business licenses, China has officially entered the 5G era. Affected by the trade war, China's 5G business plan has a faster development trend, and skipping the temporary license to issue business license directly will also promote operators to carry out large-scale construction as soon as possible. Based on the previous planning of 5G application scenarios in China, 20% of 5G usage scenarios are used for human-to-human communication needs. A number of mobile phone manufacturers have announced that they will launch their first commercial 5G phones in the middle of the year, and we expect a wave of changes from 5G two months ahead of schedule, but given that technology coverage will still take some time, large-scale commercial use may occur in 2020.
Electrolytic cobalt and cobalt hydroxide: the quotation of foreign metal cobalt continued to decline this week, while the quotation of domestic mainstream producers has not been adjusted under the influence of low consumption, although the domestic speculative market is still at the top of the list. However, the downstream terminal in the lack of confidence in the future situation, the willingness to purchase is very low, importers said import costs are high, the initiative to fall prices can not improve sales, so this week both sides of the transaction hesitated, the actual transaction is weak. Cobalt hydroxide price has no market, the recent cobalt salt prices continue to decline, smelters difficult to load high-cost intermediate prices, but the seller refused to ship at a low price, the transaction price center of gravity moved down, the actual landing transaction is rare. The price of SMM electrolytic cobalt is 23.50-260000 yuan / ton, the average price is 1000 yuan / ton lower than that of last week. SMM cobalt hydroxide prices range from $9.4 to $9.90 per pound, down $1 per pound from last week.
Cobalt salt and nickel salt: cobalt salt market downturn, trading prices have declined, especially cobalt sulfate discount is serious, smelter profits have been damaged to reduce production and conversion, cobalt sulfate prices or short-term bottom. SMM cobalt sulfate price is 4.1-43000 yuan / ton, the average price is down 1000 yuan / ton compared with last week. The current price of SMM cobalt chloride is 5.1-53000 yuan / ton, the average price is 1000 yuan / ton lower than last week. The price of SMM nickel sulfate is 24000.00-26000.00 yuan / ton, the average price is the same as last week.
Cobalt oxide: cobalt oxide price center of gravity moved down, although there is procurement demand downstream, but wait-and-see mentality is heavy, non-rigid demand does not purchase. SMM expects a large number of transactions to improve after the holiday when prices stabilize. The current price of SMM cobalt oxide is 17-178000 yuan / ton, which is 1000 yuan / ton lower than that of last week.
Ternary precursor (523 dynamic type): the market of ternary precursor is dull, the price of raw material nickel and cobalt is moving down, coupled with the adjustment of downstream demand structure, the output is reduced, the shipment of precursor manufacturers is blocked, and the trading price is falling. The price of SMM ternary precursor (523) is 8.1-83000 yuan / ton, which is 2000 yuan / ton lower than that of last week. The price of SMM ternary precursor (622 type) is 8.50-89000 yuan / ton, the average price is 2000 yuan / ton lower than that of last week.
Lithium carbonate: lithium carbonate prices are down this week. A large battery-grade lithium carbonate producer in an industry said orders did fall in June from May and prices were down slightly from early May, according to a SMM survey. And the transaction price of battery-grade lithium carbonate in small and medium-sized enterprises gradually began to go down-with 75000 yuan / ton as the transaction price, battery-grade lithium carbonate is gradually increasing. Industrial lithium carbonate suppliers also said that they felt that the downstream inquiry purchase attitude was not as positive as before, and prices continued to remain stable this week. The price of SMM battery-grade lithium carbonate this week was 7.5-78000 yuan / ton, down 500 yuan / ton from last week. This week, the price of zero-grade lithium carbonate in SMM industry was 66-70, 000 yuan / ton, the average price was the same as last week.
Lithium hydroxide: battery grade lithium hydroxide prices are flat this week. As a result of the rush to install and the increased procurement demand caused by the transition period of the subsidy retreat policy, the demand for battery-grade lithium hydroxide has also been weakened. We expect demand for lithium hydroxide to remain stable and difficult to improve significantly in the third quarter. This week, the price of SMM battery grade lithium hydroxide (coarse particles) is 86-90, 000 yuan / ton.
Lithium Cobalt: lithium Cobalt prices are relatively stable, battery plants are concerned about continued fluctuations in cobalt prices, as well as the long-term negative impact of the Huawei incident, procurement has slowed, market trading is light. The price of SMM4.35V lithium cobalt acid is 21.5-225000 yuan / ton, the average price is the same as last week.
Ternary materials (523 power type): the recent reduction in demand for ternary materials, the smooth transmission of raw material price fluctuations, trading prices decline. The price of SMM ternary material (523 type) is 13.3-141000 yuan / ton, the average price is 1000 yuan / ton lower than that of last week. The price of SMM ternary material (622 type) is 14.9-156000 yuan / ton, the average price is 1000 yuan / ton lower than last week.
Lithium iron phosphate (power type): the price of lithium iron phosphate is flat this week. Orders for lithium iron phosphate did not rise significantly in June, but prices remained low and unchanged, according to manufacturers. Even for the giants that make lithium iron phosphate, the current cost pressure is still high. This week, the price of SMM lithium iron phosphate (power type) is 4.7-52000 yuan / ton, the average price is the same as last week.
Lithium manganate: this week lithium manganate trading is stable, the price is flat. Through the research, we feel that the trend of reshuffle in the lithium manganate industry has begun-the orders of large manufacturers are better and the starting rate is higher. On the other hand, the orders of small enterprises need to be generally or even slightly reduced, but also reflected in the production. This week SMM lithium manganate (volume type) price is 31-40, 000 yuan / ton, the average price is the same as last week. This week SMM lithium manganate (dynamic) price is 47-50, 000 yuan / ton, the average price is the same as last week.
Future forecast: SMM expects domestic consumption to be stable after the festival, cobalt derivatives prices or short-term stabilization, foreign media prices accelerate closer to domestic. On the lithium side, the supply and demand side of lithium salt may gradually deteriorate, trading prices are at downward risk.
SMM Cobalt Lithium Research team
Hu Yan 021 51666809
Hong Lu 021 51666814
Ning Ziwei 021 51666780
Qin Jingjing 021 51666828