[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

10 hours ago

Ford Announces New European Strategy, to Launch Five New Passenger Cars Within Three Years

Ford Motor Company announced that it will launch a comprehensive product and technology strategy in Europe over the next three years. Under this new strategy, its FordPro division will transform from a pure automaker into a productivity partner, leveraging software and services to maximize returns. Ford plans to launch five all-new passenger vehicles in Europe by the end of 2029, all manufactured in Europe.

10 hours ago

National Passenger Vehicle Industry Inventory Reached 3.54 Million Units at April Month-End

Cui Dongshu, Secretary General of the China Passenger Car Association (CPCA),stated that the national passenger vehicle industry inventory stood at 3.54 million units at the end of April, up 90,000 units MoM and up 40,000 units compared to April 2025, forming a trend of sustained inventory growth. Among this, manufacturer inventory accounted for 29.8%, which was relatively high. The April forecast optimism was 36%, and the post-April satisfaction in early May was 7%. Expectations were low but satisfaction was even worse, mainly due to the significant impact of high oil prices. The team's optimism for the May market dropped to 27%, which was a relatively low level in recent market optimism assessments. Even after repeated downward adjustments, expectations have yet to turn more optimistic.

10 hours ago

South Korea's Total Auto Exports Reached $6.17 Billion in April, Down 5.5% YoY

On May 20, data from South Korea's Ministry of Trade, Industry and Energy showed that total automobile exports in April reached $6.17 billion, down 5.5% compared to the same period last year. Among them, exports to North America, Latin America, and Oceania were up 2.4%, 23.7%, and 20.1% YoY respectively, but due to the ongoing war between the US and Iran, exports to the Middle East plunged 38.7%; exports to the EU and Asia declined 13.1% and 31.7% respectively. The data also showed that due to disruptions in some auto parts supply chains and consumers waiting for new and facelifted versions of major car models to launch, China's automobile production fell 6.1% YoY to 362,000 units.

10 hours ago