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[2019.06.13 minutes of internal morning meeting of cobalt lithium new energy] New energy vehicle growth slows down raw material prices still have room to fall
Jun 13,2019 11:24CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, June 13 / PRNewswire-Asianet /-

Battery Terminal Market:

This week, the CAAC released production and sales of new energy vehicles in May. Among them, the production and sales of new energy vehicles are 112000 and 104000 respectively. It is worth noting that although new energy vehicle sales rose 7.9% in May from a month earlier, they rose only 1.8% from a year earlier, mainly in the passenger car market.

On the battery side, the SMM New Energy Database shows that the installed capacity of power batteries in May was 5.68GWh. Among them, the installed capacity of ternary battery is 3.75GWh, accounting for 66.1%, and the installed capacity of lithium iron phosphate battery is 1.73GWh, accounting for 30.5%.

Upstream raw material price:

Cobalt: foreign media cobalt prices continue to fall, in line with expectations, the third quarter of the domestic consumer market is relatively stable, SMM maintained the previous judgment, it is expected that the future domestic cobalt smelting products for cobalt sulfate water will gradually disappear, foreign prices accelerate closer to home.

Lithium: the price of battery-grade lithium carbonate has dropped by 1, 000 yuan / ton, and the transaction price can reach 74000 yuan / ton for the "quasi-electric carbon" whose main content reaches the battery level standard. At present, the transaction price of mainstream battery-grade lithium carbonate is 7.5-78000 yuan / ton. Industrial grade lithium carbonate prices remain stable for the time being, but the market mentality is bearish. The transaction price of a large number of battery-grade lithium hydroxide (coarse particles) has been less than 85000 yuan / ton, we think there is still room for decline compared with the current offer.

News: on June 6, Rongjie shares (002192) issued an announcement that its wholly owned subsidiary Ganzi Rongda Lithium Industry Co., Ltd. (hereinafter referred to as Rongda Lithium Industry Co., Ltd.) has been notified by the Kangding Municipal Government of Sichuan Province on the 6th. Agree that the company's wholly owned subsidiary Ganzi Rongda Lithium Industry Co., Ltd. (hereinafter referred to as Rongda Lithium Industry Co., Ltd.) Kangding methyl card spodumene mine started on May 16. Accordingly, Rongjie finally decided that its methyl kalithiumite mining and separation project was officially put into production on June 10, and a grand production ceremony was held in Tagong Township, Kangding City, Ganzi Prefecture.

 

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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