SMM, June 17 / PRNewswire-Asianet /-
Battery Terminal Market:
Recently, the cylindrical battery market competition is fierce, the price drops obviously; and the power battery due to the previous few years high quality production capacity expansion speed is slower than the technical iteration upgrade is slow, causes the inventory quantity is huge, the current square ternary cell price in 0.9yuan / Wh, lithium iron phosphate cell price in 0.75yuan / Wh, at present, some power battery enterprises in order to alleviate the pressure of cash flow, the inventory will be sold at a low price.
Upstream raw material price:
Cobalt: the domestic metal cobalt trading is sporadic, downstream only rigid demand procurement, manufacturers under the cost pressure quotation is strong, the market transaction is difficult. Cobalt hydroxide market continues to be valuable, domestic downstream buyers waiting for overseas prices to fall to the same level of domestic cobalt salt metal prices. Cobalt salt market continued to decline, Zhejiang, Hunan smelters continue to spread the message of production reduction, suppliers cling to the cobalt sulfate 40, 000 yuan / ton gate, cobalt chloride on cobalt sulfate water gradually disappeared. SMM expects the domestic market to remain light this week, with cobalt prices falling gently and slowly.
Lithium: lithium carbonate trading in the middle of the month is relatively light, the market is bearish on the price of battery-grade lithium carbonate, we expect this week or continue the previous trend-prices began to fall. Lithium metal has been affected by weaker market demand, prices have fallen one after another, since the closure of pharmaceutical intermediates at the beginning of the year, there is still no sign of resuming work. In order to obtain guaranteed orders, lithium metal manufacturers have to use the strategy of selling at a reduced price.
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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