SMM May 21 Lithium Cobalt spot Express: it is difficult for Lithium Cobalt to rise sporadically today

Published: May 21, 2020 11:56

Save

SMM5 March 21: the current mainstream market price is 19.2-196000 yuan / ton, the average price is the same as the day before. The quotation of lithium cobalt is chaotic this week, 18.5-220000 yuan / ton quotations all exist, the price game is mainly in the lower reaches of this week, it is expected that the purchase price of lithium cobalt will be determined gradually in June next week, and the newly signed orders of lithium cobalt are sporadic today.

Downstream lithium cobalt battery manufacturers reported poor demand for May-June, but due to their own cobalt raw materials are sufficient, the market is not optimistic about the recent price increase of cobalt salt and cobalt tetroxide. Some small manufacturers of lithium cobalt batteries are worried about the increase in the price of cobalt raw materials upstream, and their inquiries for lithium cobalt have increased recently. The quotation of cobalt tetroxide upstream of lithium cobalt is rising, the price of battery-grade lithium carbonate is slightly reduced, the overall cost of lithium cobalt is rising, and it is planned to raise the price, but the downstream demand is poor, and it is difficult for the price of lithium cobalt to rise.

Price forecasts quotations 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

57 mins ago

[SMM Weekly Review] Demand in the Second-Life Battery Market Rationally Returned, with Prices Temporarily Stable, 2026.03.23-2026.03.26

This week, prices in the second-life battery market were generally stable, while the market's structural divergence remained evident. Cost side, trends in various raw materials diverged, with overall costs rising slightly. Lithium carbonate prices increased, pushing up battery cell recycling and processing costs; nickel sulphate and cobalt sulphate prices remained stable, easing one-sided cost pressure, and costs edged up mildly over the week. Supply side, supply of popular energy storage battery cell models was tight, with limited spot availability; conventional models were sufficiently available, and no broad-based shortage emerged in the market. Demand side, the gap between energy storage and the EV market remained wide. Demand in the EV sector stayed sluggish, with low purchasing enthusiasm and insufficient support for prices; energy storage demand remained the mainstay of the market, with stable rigid demand. However, prices were currently at high levels, downstream purchasing became more rational, willingness to purchase at high prices declined, and further price increases were currently facing resistance.

57 mins ago

2 hours ago

Capacity and Shipments of AI Server Products Across the Entire Industry Chain Are Expected to Achieve Leapfrog Growth

The plan proposes that by 2028, the capacity and shipments of products across the entire AI server industry chain will achieve leapfrog growth, and the global market share of products in key areas such as core chips, memory, printed circuit boards (PCBs), power supply and energy storage, optical modules, and passive components will increase significantly; breakthroughs will be achieved in core chips and key products, a group of “specialized, sophisticated, distinctive, and innovative” enterprises and “single-product champion” enterprises with strong technological capabilities and significant market advantages will be cultivated in a tiered manner, and an industrial echelon featuring the coordinated development of large, medium-sized, and small enterprises will take shape.

2 hours ago

3 hours ago

Solid-State Battery Price Transmission and Commercialization Resonance

This week solid-state battery material prices showed structural divergence: sulphide-route LPSC and lithium sulphide prices declined, while oxides remained stable. On the industrial side, the Taiblue–Yadea two-wheeler semi-solid-state battery achieved commercial rollout; BTR’s solid electrolyte orders surged; and WELION New Energy’s 2 billion yuan project was sited in Huadu, Guangzhou. Upstream price cuts resonated with downstream deployment, accelerating the commercialisation process.

3 hours ago