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SMM April 29 Cobalt Chloride spot Express: the market is basically in vacation mode cobalt chloride prices remain stable
Apr 29,2020 15:13CST
translation
Source:SMM
[SMM0429 Cobalt Chloride spot Express] Cobalt Chloride quoted today is 5.3-56000 yuan / ton, flat as compared with the previous day. Today, a small number of manufacturers raised their quotations to 5.4-56000 yuan / ton, with a market transaction price of 53000 yuan / ton. Feedback from a large cathode material factory, its battery customers expect the price of cobalt chloride 50, 000 yuan / ton after saving. The formula is used to calculate the price of lithium cobalt. At present, the amount of cobalt chloride is less than 50, 000 yuan / ton in the market. The market basically enters the holiday mode, and then carries on the transaction after May Day. The market is concerned about the resumption of shipping arrangements in South Africa. If the problem of importing cobalt raw materials is alleviated, some cobalt salt plants may offer prices after the festival or loosen.
The content below was translated by Tencent automatically for reference.

SMM4 29: today SMM Cobalt Chloride quoted 5.3-56000 yuan / ton, the average price of 54500 yuan / ton, the same as the previous day.

According to SMM, there are three possible reasons for the high operating rate of large consumer battery plants from March to April.

1) Huawei nova 7 series officially launched on April 23, pay attention to the sales situation, stock in advance;

2) some small battery factories are seriously affected by the epidemic situation and understarted, and a small number of orders are transferred to the factory;

3) due to the impact of the domestic epidemic in February, some orders were postponed to March production.

Orders from big battery makers fell month-on-month in May from April, but feedback was within a manageable range. At present, from the feedback results of the cathode material factory, the battery factory still maintains the normal procurement plan, so the demand for upstream materials such as lithium cobalt oxide, cobalt oxide and cobalt chloride may be reduced slightly. However, in May, it depends on whether the terminal recovery situation and the plan of the mobile phone factory have changed. The epidemic situation in Europe and the United States has not been alleviated for the time being, and domestic terminal consumer demand is still low. Even if orders are not reduced too much in May, demand will be reduced or gradually obvious in June. In the past, the battery factory purchased the off-season from May to June every year.

In May, the demand of the downstream consumer side was weaker than the previous month, and the cobalt chloride manufacturers were more willing to offer prices. It was difficult to reach a consensus on the prices upstream and downstream before May Day, and the market closed sporadically. Today, some cobalt chloride manufacturers raised their quotations to 5.4-56000 yuan / ton, with a market transaction price of 53000 yuan / ton. According to the feedback of a cathode material factory, its downstream battery customers expect the price of cobalt chloride 50, 000 yuan / ton after the festival to calculate the formula price of lithium cobalt. In the short term, the amount of cobalt chloride in the market is 50, 000 yuan / ton.

The market has basically entered the holiday mode, the inquiry order is reduced, wait until after May Day to carry on the transaction. The post-festival market is relatively concerned about the resumption of shipping arrangements in South Africa. If the problem of import of cobalt raw materials is alleviated, some cobalt salt plants may quote or loosen after the festival.

 

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