Today, lithium carbonate rose 5000 yuan again to 326000 electrolytic cobalt price to break through 500000! [SMM Express]

SMM January 14: recently, the price of lithium carbonate has only increased, and the price has continued to rise. According to the spot price of SMM, the price of battery-grade lithium carbonate rose again by 5000 yuan today to 326000 yuan / ton, an increase of 17.27% this year.

"Click to view the spot price of SMM metal

The average spot price of battery-grade lithium hydroxide, which has a strong rising mood recently, also rose again today, rising 4000 yuan / ton a day to 267500 yuan / ton, up 20.22% this year.

For the sharp rise in lithium carbonate prices this week, SMM research shows that domestic battery-grade lithium carbonate smelters are currently offering sporadic quotations. In the middle of the week, under the influence of the sharp drop in lithium prices in Wuxi, some traders began to release goods, but due to the limited inventory superimposed by a high degree of shortage downstream, spot prices remain high. The transaction of the smelter is less, and the selling price of some of them is as high as 355000 yuan / ton.

As for lithium hydroxide, SMM believes that with the sharp rise in the price of lithium carbonate and the increase in demand for high nickel at the end of the year, the price gap of lithium hydroxide has been significantly repaired, and it is expected that the price of lithium hydroxide will rise further in the future. "View details

It is worth mentioning that the prices of cobalt-related products have also been loosened today. the spot price of electrolytic cobalt is 49.8 ~ 502000 yuan / ton, with an average price of 500000 yuan, up 1500 yuan today. At the same time, cobalt sulfate, cobalt tetroxide and cobalt oxide and other cobalt salts rose together. Cobalt sulfate rose 250 yuan / ton to 104200 yuan / ton, cobalt tetroxide rose 2000 yuan / ton to 403000 yuan / ton, and cobalt chloride rose 2500 yuan / ton to 392500 yuan / ton in a single day.

For the price of cobalt salt in the future, SMM believes that the continuous upward price of cobalt salt at the cost side, that is, electrolytic cobalt price, contributes to the upward price of cobalt salt, but the downstream wait-and-see mood is strong and the preparation is cautious. On the whole, the price of cobalt salt shows a slight upward state. It is expected that with the approach of the New year, domestic logistics will be shut down and market activity may decline further, but the price of cobalt salt may continue to rise slowly under the push of the cost side. "View details