[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 to learn 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

21 hours ago

In April 2026, Chile's lithium carbonate exports were 29,500 mt, and lithium sulfate exports were 12,100 mt.

[Chile's Lithium Carbonate Exports Totaled 29,500 mt in April 2026, While Lithium Sulfate Exports Totaled 12,100 mt] According to Chilean customs export data, Chile's total lithium carbonate exports in April 2026 were 29,500 mt, up 3.40% MoM and up 35.63% YoY. Among them, exports to China were 22,956 mt, up 21.29% MoM and up 47.67% YoY; exports to South Korea were 3,489 mt, down 45.34% MoM but up 32.47% YoY; exports to Japan were 1,160 mt, down 10.74% MoM but up 48.05% YoY. In April 2026, Chile's total lithium sulfate exports were 12,100 mt, all exported to China, down 26.85% MoM but up 33.57% YoY.

21 hours ago

May 9, 2026 11:18

[Lithium Battery: FSPG Technology Invests 300 Million Yuan To Increase Capital In Lithium Battery Separator Subsidiary]

On May 9, Foshan FSPG Technology Group Co., Ltd. issued an announcement stating that, based on strategic development planning and operational needs, it plans to use 300 million yuan of its own funds to increase the capital of its wholly-owned subsidiary, Hebei Jinli New Energy Technology Co., Ltd., to supplement its working capital. Jinli New Energy, as a leading enterprise in the domestic lithium battery separator industry, is the core entity for FSPG Technology's strategic layout in the lithium battery separator business, with its products widely used in both the energy storage battery and power battery fields. FSPG Technology stated that this capital increase will effectively supplement Jinli New Energy's working capital.

May 9, 2026 11:18

[Lithium Battery: Cangzhou Mingzhu Plans To Invest 3.38 Billion Yuan To Build South China Base]

On May 8, Cangzhou Mingzhu Plastic Co., Ltd. issued an announcement stating that it plans to invest in the construction of the Cangzhou Mingzhu South China Base project in Zengcheng District, Guangzhou City. This project has a total investment of approximately 3.38 billion yuan. The construction content includes the establishment of 8 new wet-process lithium battery separator production lines and 7 PE pipeline production lines, along with supporting production workshops, warehouses, office facilities, and auxiliary equipment for production, testing, environmental protection, and safety. It is designed to achieve an annual production capacity of 2.4 billion square meters of wet-process lithium-ion battery separators and 30,000 tons of PE pipelines.

May 9, 2026 11:18