Power batteryOn the one hand, there is still no clear signal of demand recovery in the new energy vehicle market. According to the positive material factory, SMM said that at present, the resumption of the operation of the two leading power battery enterprises is slow, and the overall level remains at about 40%. At present, the power battery is in the period of reshuffle, and the market competition is fierce. The pressure of cost reduction from downstream main engine manufacturers is transmitted to battery enterprises, resulting in the power battery price has been in the downward range. At present, the mainstream price of ternary battery system is 0.85-0.9 yuan /wh, and the mainstream price of lithium iron phosphate battery system is 0.75 yuan /wh, down 15% and 16.7% respectively compared with the beginning of the month. On August 27, the general office of the State Council issued the opinions on accelerating the development of circulation and promoting commercial consumption, which pointed out that regions that release the potential of automobile consumption and implement automobile purchase restrictions should explore and implement specific measures to gradually relax or cancel the purchase restrictions in combination with the actual situation. Where conditions permit, actively support the purchase of new energy vehicles. According to SMM analysis, the introduction of the opinions focuses on proposing the direction of "canceling purchase restrictions", which may squeeze the subsequent new demand for new energy vehicles; At the same time, the policy direction is still strengthening the new energy in the field of special vehicles. The specific impact on the car market needs to be concerned about the introduction of policy rules.

Consumer batteriesOn the one hand, since mid August, the industry has gradually entered the traditional peak season, and the demand is now significantly improved, represented by lithium cobalt oxide batteries and consumer batteries used in the field of electric tools. With the promotion of 5g by the state and the goal and speed of major operators to build 5g base stations in 2019, it is expected that new demand points for 5g mobile phones will appear next year.

Electrolytic cobalt and cobalt hydroxide: the price of electric cobalt continued to rise this week, and the market was optimistic about the future price of cobalt. There was a small amount of replenishment in the downstream. At present, the internal and external prices are upside down. Except for the interference of objective factors, the mainstream production has opened up full capacity for export. SMM expects that the increase in the export of electric cobalt may gradually promote the repair of the internal and external price difference. In terms of cobalt hydroxide, the current psychological price of mainstream sellers is about $11. With the gradual acceptance of domestic digital terminals to the rise in smelting prices, the psychological price of smelters is gradually approaching that of sellers. The price of SMM electrolytic cobalt is 252000 – 262000 yuan / ton, with an average price increase of 5000 yuan / ton compared with last week. The price of SMM cobalt hydroxide is $9.5-10 / pound, with an average price increase of $0.5 / pound over last week.

Cobalt salt and nickel salt: cobalt chloride transactions increased significantly this week, and cobalt sulfate enterprises had few transactions under the influence of the early downstream stock and stable power demand. The supply and demand pattern of cobalt chloride is relatively centralized, the sellers are concentrated, and the market supply of low-cost goods is gradually emptied. The price of SMM cobalt sulfate is 48000-52000 yuan / ton, with an average price increase of 1500 yuan / ton compared with last week. The current price of SMM cobalt chloride is 56000 – 62000 yuan / ton, with an average price increase of 6000 yuan / ton compared with last week. The price of SMM nickel sulfate is 27500-30000 yuan / ton, with an average price increase of 750 yuan / ton compared with last week.

Cobalt tetroxide: the price of cobalt tetrachloride continues to rise. This week, the quotation of large manufacturers is concentrated at 200000 yuan / ton. The downstream is in the peak demand season, and the acceptability of lithium cobalt battery terminals for cobalt price rise is better than that of the power market. The price rise of cobalt tetrachloride is gradually implemented. The current price of SMM Co3O4 is 185000-195000 yuan / ton, with an average price increase of 10000 yuan / ton compared with last week.

Ternary precursor: the rise in the trading price of ternary precursor is mainly caused by the continuous rise in the price of nickel and cobalt at the cost end. The mainstream manufacturers reported that the product sales were good, and there were few spare orders. The price of SMM ternary precursor (type 523) is 87000 – 92000 yuan / ton, with an average price increase of 35000 yuan / ton compared with last week. The price of SMM ternary precursor (type 622) is 93000 – 97000 yuan / ton, with an average price increase of 25000 yuan / ton compared with last week.

Lithium carbonate: the price decline of lithium carbonate slowed down this week. At present, the inventory level of downstream material plants of lithium carbonate remained at a low level, and the price stability ability of leading lithium salt plants was improved. At the same time, with the arrival of the peak season of downstream consumer battery demand, lithium salt procurement demand has rebounded slightly, and lithium carbonate prices may show signs of stabilizing. The price of SMM battery grade lithium carbonate this week was 60500-64500 yuan / ton, with an average price of 0500 yuan / ton lower than last week. This week, the price of SMM industrial zero grade lithium carbonate was 53000-55000 yuan / ton, with an average price of 0500 yuan / ton lower than last week.

Lithium hydroxideAt present, the demand for lithium hydroxide at home and abroad remains stable, but the supply of domestic lithium salt plants continues to grow, and the price has further pressure space. The price of SMM battery grade lithium hydroxide (coarse particles) this week was 71000-74000 yuan / ton, with an average price of 0500 yuan / ton lower than last week.

Lithium cobaltateThe price of lithium cobaltate continues to rise. As the digital market enters the peak season, the market demand generally warms up. Although most of the orders of leading large manufacturers are digested in the form of OEM, the order increment of small and medium-sized enterprises is enough to complete the transmission of price rise. The price of smm4.35v lithium cobaltate is 200000-210000 yuan / ton, with an average price increase of 2000 yuan / ton compared with last week.

Ternary material: affected by the rising price of raw material precursors, the price of Yuan materials continued to rise on Wednesday, the recovery of power ternary demand was slow, and the number of digital ternary transactions increased. The price of SMM ternary material (type 523) is 131000 – 139000 yuan / ton, with an average price increase of 1000 yuan / ton compared with last week. The price of SMM ternary material (type 622) is 148 – 155 thousand yuan / ton, with an average price increase of 1000 yuan / ton compared with last week.

Lithium iron phosphate: the price of lithium iron phosphate remained unchanged this week. At present, there is great pressure to reduce the price of downstream lithium iron phosphate batteries, but the current price of lithium iron phosphate materials has reached about the cost line, and there is little room for decline. The price of SMM lithium iron phosphate (power type) this week was 46000-49000 yuan / ton, with the average price unchanged from last week.

Lithium manganate: the price of lithium manganate was flat this week. In September, the traditional peak season for consumer batteries began, and the demand for lithium manganate increased. However, the current lithium manganate market supply competition is fierce, and raw materials are also in the decline range, making it difficult for prices to rise. The material factory told SMM that the current industrial carbon price competition is fierce, and the buyer gives priority to low-cost sources for cost reduction. This week, the price of SMM lithium manganate (capacity type) was 29000-34000 yuan / ton, and the average price was flat compared with last week. This week, the price of SMM lithium manganate (power type) was 44000-46000 yuan / ton, and the average price was flat compared with last week.

Aftermarket forecast: cobalt series products continue to rise. At present, the prices of domestic cobalt series products are relatively flat, and the internal and external price difference of metal cobalt is large. In addition, the recent downstream demand is acceptable, and the cobalt price may rise slightly in the short term. In terms of lithium, overseas lithium mines are gradually shuffled, and the excess of lithium mines is expected to be repaired. It is expected that with the gradual stabilization of the inventory level of domestic lithium salt smelters, the lithium price may gradually stabilize.

      Article source: China battery network