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[2019.06.10 Cobalt lithium new energy internal morning meeting minutes] Power battery accelerated reshuffle cobalt lithium prices continue to fall
Jun 10,2019 09:43CST
The content below was translated by Tencent automatically for reference.

SMM, June 10 / PRNewswire-Asianet /-

Battery Terminal Market:

The subsidy transition period is coming to an end, the ranking of the power battery industry is fierce in the first and second quarters, the cylindrical power battery has been seriously impacted, and some production capacity has been shut down and reduced. In addition, in order to better participate in international competition and prepare for the non-subsidy era in advance, the process of mass production of NCM811 in Ningde era has been accelerated.

Upstream raw material price:

Cobalt: recently, the quotation of foreign metal cobalt has continued to decline, while the quotation of domestic mainstream producers has not yet been adjusted under the influence of low consumption. Although the domestic speculative market is still in the lead, the downstream terminals are mainly waiting and watching under the lack of confidence in the latter situation. The willingness to purchase is extremely low, importers say import costs are high, the initiative to fall prices can not increase sales, both sides of the transaction are hesitant, the actual transaction is weak. Cobalt hydroxide is similar to the priceless trend, 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.

Lithium: the price of lithium carbonate has shown a downward trend. The price of battery-grade lithium carbonate decreased by 1000 yuan / ton to 7.5-78000 yuan / ton, which still has a further downward trend. Although the price of industrial lithium carbonate is still stable, but the market trading enthusiasm has been significantly less than before, downstream manufacturers inquiry enthusiasm weakened. Prices are also expected to fall over the next two weeks. Lithium hydroxide price decline has been slow, temporarily stable, but there is still room for decline. In the third quarter, the market procurement enthusiasm is low, the upstream supply is sufficient, we think the price will go down further in the future.


SMM Cobalt Lithium Research team

Hu Yan 021 51666809

Hong Lu 021 51666814

Ning Ziwei 021 51666780

Qin Jingjing 021 51666828

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