SMM, Sept. 17:

Battery terminal market:

According to new energy insurance data, the number of new energy passenger vehicles insured in August was 93000, an increase of 2.7 per cent from the previous month. Among them, Tesla ranks first, maintaining monthly production and sales of 1.1-12000 vehicles in recent months. SAIC GM Wuling insurance volume declined slightly, mainly due to the decline in Baojun series sales, but Hongguang mini EV production and sales still rose sharply, the overall trend is improving. In addition, C-end customers maintained steady growth in August, accounting for 68.2%, and the operating market gradually recovered, increasing by 16% month-on-month, accounting for 18.2%.

Price of upstream raw materials:

Cobalt: the details of cobalt collection and storage may be implemented today, and SMM will continue to follow up and report. Recently electrolytic cobalt a little high price transactions, mainly due to downstream rigid demand procurement. The trading volume of cobalt sulfate at low price is increasing continuously, although the cost of cobalt raw material is still high, considering the high premium in the early stage and the strong bargaining of downstream demand, the price of cobalt sulfate gradually returns to a more reasonable level.

Lithium: the transaction price of lithium salt is stable recently. In terms of lithium carbonate, the mainstream transaction price of battery-grade lithium carbonate remains stable for the time being, with fewer purchases downstream this week; some industrial-grade lithium carbonate is traded at 3.4-3.5, which remains in the current quotation range. In terms of lithium hydroxide, the market supply remains high, the demand increases in the third quarter, the demand side may enter the state of destocking in the fourth quarter, the growth rate is expected to slow, the cost is supported, and the price is expected to be strong.

Cathode materials and precursors: in terms of ternary precursors, the price of nickel salts fluctuates slightly recently, the price of cobalt salts is still high, the price of cobalt salts decreases slightly, the overall cost of precursors is still high, the downstream procurement is stable, and the procurement peak is expected to be in the next week. at that time, the price of the precursor will rise slightly. In terms of ternary materials, the fluctuation of upstream raw material prices is transmitted to material enterprises more slowly, in addition, the price is under pressure from downstream battery enterprises, and the overall increase is also on the low side.

Nickel: the spot market of battery-grade nickel sulfate is less, but the willingness to ship increases gradually. The spot price is 28000 yuan / ton, and the trading volume is light, but the downstream precursor factory still has the purchase demand for October stock; nickel price is in the correction period in recent days, falling below 116000 yuan / ton today, the advantage of nickel bean autolysis is gradually obvious, and there is some pressure on the price of battery-grade nickel sulfate.

News:

1. [Tesla is building the world's largest supercharging station] Tesla is building a new large charging station in California. According to the form submitted by Tesla to the planning department, the supercharging station will have 56 charging piles, which will become Tesla's largest supercharging station in the world.

2. [Tesla is negotiating with a Canadian mining company to purchase low-carbon nickel] it is reported that Tesla is in talks with Canadian mining company Giga Metals on the development of a large mine that could supply Tesla with low-carbon nickel.

3. [Renault: the future will mass produce two new all-electric SUV] A few days ago, overseas media reported that Renault plans to launch two new all-electric SUV models in the future to cater to the recent organizational restructuring of the brand. At the same time, Renault said it would refocus on the "C-segment" (European standard compact car) market.

SMM battery materials research team

Huo Yuan 021-51666898

Mei Wangqin 021-51666759

Liu Xiaoyi 021-51666716