[2019.07.18 minutes of internal morning meeting of cobalt lithium new energy] cobalt salt price bottom high premium smelting products close to it

Published: Jul 18, 2019 11:08

Save

SMM July 18, 2010:

Battery Terminal Market:

Recently, the Ministry of Industry and Information Technology has released the sixth batch of recommended models for new energy vehicles in 2019. Because the recommended catalogue is dominated by bus models, lithium iron phosphate batteries account for as much as 79%. At present, lithium iron phosphate battery is still mainly used in bus and special vehicle market because of its low cost and large capacity. In the future, there will also be more room for demand growth in the low-speed passenger car and energy storage market.

Upstream raw material price:

Cobalt: the price of cobalt salt bottomed out this week. The opening rate of large leading factories has not yet recovered, and some traders are optimistic that there is limited room for decline in the future market. Manufacturers sell at a low price, and the price of cobalt salt metal is at the bottom of about 170000 yuan. Foreign media cobalt prices continue to decline slightly, within a reasonable range with domestic cobalt prices, in addition, due to the decline in the price of cobalt salt raw materials, cobalt prices also fell sharply on Thursday, in line with SMM's previous high premium smelting products close to low-cost cobalt salt expectations.

Lithium: battery-grade lithium carbonate demand is not good, the market mentality is bearish, manufacturers are not active to pick up goods. For some cathode materials large plants batch long unit price, battery-grade lithium carbonate has reached 6.8-69000 yuan / ton. The price of industrial grade lithium carbonate with main content more than 99.2% (which can be directly used in lithium manganate) is relatively strong, stable at 6.2-65000 yuan / ton, but for industrial grade lithium carbonate with high impurity content or main content less than 99.2%, the price is about 60 000 yuan / ton, and has a further downward trend. Lithium hydroxide, battery-grade lithium hydroxide procurement demand is light, upstream manufacturers have appeared in order to return funds as soon as possible low-price throwing behavior, it is known that the lowest market quotation is 76000 yuan / ton.

SMM Cobalt Lithium Research team

Hong Lu 021 51666814

Ning Ziwei 021 51666780

Qin Jingjing 021 51666828

Long press attention

Learn more about the highlights

Cobalt lithium internal morning meeting minutes price forecasts quotations production batteries

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

8 hours ago

Company Launches RMB 135M Project for Recycling 30,000 Tons of Waste Batteries Annually

Recently, the annual 30,000-ton retired power battery comprehensive utilization project invested by the company commenced construction in the Changjiang (Changjiang) Clean Energy High-tech Industrial Park Circular Economy Demonstration Zone. According to public information, the total investment of the project is RMB 135 million, covering an area of about 30 mu, located in the above-mentioned industrial park, and constructed in two phases. Upon completion, it will achieve an annual processing capacity of 30,000 tons of waste LIB cells, stably producing high value-added recycled products such as comprehensive utilization batteries, copper granules, aluminum granules, battery casings, and LIB black mass.

8 hours ago

EIA Approval Sought for $500M Battery Recycling Plant in Lingang, China

Recently, the management committee and local government released the public notice on the proposed approval of the EIA report for the new energy vehicle power battery material processing, battery cascade utilization and resource center project (re-filed). The project involves a total investment of RMB 500 million, located in the Lingang Economic and Technological Development Zone. It consists of one dismantling & cascade utilization production line, one black mass preparation (cell crushing) production line, and one lithium carbonate production line. Upon completion, it will achieve Phase I annual dismantling capacity of 60,000 tons of power LIB packs (including 20,000 tons of cell crushing and 10,000 tons of cell cascade utilization), and Phase II annual output of 3,973 tons of lithium carbonate.

8 hours ago

50,000-Ton LIB Recycling Anode Project Launches in Jingmen, Aims for RMB 350M Annual Output

Recently, the annual 50,000-ton LIB recycling anode material project was officially put into operation. According to public information, the project involves a total investment of RMB 1.06 billion, located in Dongbao Industrial Park, Jingmen. It consists of high-performance, multi-type graphite anode material recycling and repairing production lines, covering full processes including waste electrode sheet pulverizing, shaping & grading, acid washing & purification, low-temperature carbonization, high-temperature coating, mixing & screening, etc. After reaching full capacity, it will achieve an annual output of 50,000 tons of recycled graphite anode materials, with an estimated annual output value of RMB 350 million.

8 hours ago