Power batteryOn the one hand, according to the SMM database, the production of new energy vehicle certificates in September totaled 76000, an increase of 7% month on month and a decrease of 23.2% year on year. The installed capacity of power battery was 3.9gwh, a year-on-year decrease of 30.8% and a month on month increase of 14.8%. According to industry customers, the current leading battery enterprises still have no new production plan, the demand for lithium iron phosphate batteries remains strong, and the supply exceeds the demand. The demand for ternary batteries is still slightly weak, or will improve by the end of October. According to industry customers, all car companies have plans to reduce production targets, with each main engine factory reducing production by 20000-50000 vehicles. The annual output of new energy vehicles is expected to have further room for reduction.

Electrolytic cobalt and cobalt hydroxide: domestic electricity cobalt prices were flat this week. During the National Day holiday, foreign media rose only a little, domestic downstream wait-and-see sentiment was heavy, and the futures market at the end of the week accelerated its decline, with insufficient market confidence and sporadic trading. For cobalt hydroxide, the manufacturer suspended the zero order quotation and prepared the details of long order signing. The price of SMM electrolytic cobalt is 285000 – 295000 yuan / ton, with the average price unchanged from last week. The price of SMM cobalt hydroxide is $11-12 / pound, with the average price unchanged from last week.

Cobalt salt and nickel salt: after the festival, cobalt salt trading is light, and there are many reserve warehouses in the downstream until the end of the month. At present, it is mainly to digest inventory, and a small amount of zero single cobalt sulfate replenishment, so the transaction price is difficult to break through the 60000 mark. The quotation of cobalt chloride manufacturers rose again to more than 75000 yuan / ton, further strengthening the premium of cobalt sulfate. The price of SMM cobalt sulfate is 56000 – 60000 yuan / ton, with the average price unchanged from last week. The current price of SMM cobalt chloride is 71000 – 76000 yuan / ton, with an average price increase of 1000 yuan / ton compared with last week. The price of SMM battery grade nickel sulfate is 31300-32300 yuan / ton, with an average price increase of 800 yuan / ton compared with last week.

Cobalt tetroxide: the downstream is in the peak consumption season, and there is still no sign of weakening in the next month. Cobalt chloride manufacturers have a strong attitude of supporting prices, and the four cobalt manufacturers gradually raise their quotations under the pressure of rising raw material prices. The current price of SMM Co3O4 is 220-23000 yuan / ton, with an average price increase of 2000 yuan / ton compared with last week.

Ternary precursor: on Wednesday, the trading price of RMB precursor rose slightly, the price of nickel and cobalt raw materials remained strong, and manufacturers tried their best to transmit cost pressure to the downstream, but the demand of the power market was still weak, the competition in the digital market was fierce, and the seller had little room to negotiate, and the cost transmission speed was slow. The price of SMM ternary precursor (type 523) is 101 – 106 thousand yuan / ton, with an average price increase of 1000 yuan / ton compared with last week. The price of SMM ternary precursor (type 622) is 108000 – 112000 yuan / ton, with an average price increase of 1000 yuan / ton compared with last week.

Lithium carbonate: the price of lithium carbonate remained stable after the holiday. According to industry insiders, considering the weather, cost, inventory and other factors, some manufacturers in Qinghai and Jiangxi may adjust their prices in the near future. Downstream buyers are cautious about the price increase plan. Considering that the current downstream power market demand has not improved significantly, and there are still a large number of ores and smelting products to be digested in China, the long-term trend of lithium carbonate price is still not optimistic. The price of SMM battery grade lithium carbonate this week was 59000-62000 yuan / ton, with the average price unchanged from last week. The price of SMM industrial zero grade lithium carbonate this week was 49500-53500 yuan / ton, with the average price unchanged from last week.

Lithium hydroxide: the price of lithium hydroxide fell slightly this week. After the festival, the atmosphere of lithium hydroxide transaction was light, and the production and sales of large factories were strong. Some small factories adjusted their production strategies and reduced supply. The price difference between battery grade lithium hydroxide (coarse particles) and battery grade lithium carbonate continues to narrow. Considering that the current domestic demand is still limited, the price has further pressure space, but with the price of lithium carbonate temporarily stable, the current decline slows down. The price of SMM battery grade lithium hydroxide (coarse particles) this week was 64000-68000 yuan / ton, with an average price of 0500 yuan / ton lower than last week.

Lithium cobaltate: the price of lithium cobaltate continued to rise, the orders of terminal battery factories were full, and the material factories successively conducted the increased quotation of lithium cobaltate to the ground. The price of smm4.35v lithium cobaltate is 235-245000 yuan / ton, with an average price increase of 5000 yuan / ton compared with last week.

Ternary material: on Wednesday, the price of Yuan materials rose slightly, the installed capacity and sales volume disclosed by the terminal are still not ideal, the power ternary orders are difficult to improve, and some power ternary manufacturers turn to the digital direction, intensifying the competitive pressure in the digital market. The price of SMM ternary material (type 523) is 147000 – 155000 yuan / ton, with an average price increase of 1000 yuan / ton compared with last week. The price of SMM ternary material (type 622) is 165000 – 172 thousand yuan / ton, with an average price increase of 1000 yuan / ton compared with last week.

Lithium iron phosphate: demand remained strong this week. Due to the increasing concentration of battery enterprises, the premium ability of power lithium iron phosphate enterprises has been weakened. Although the price of phosphoric acid, one of the raw materials, has been rising recently, it is almost difficult for iron lithium material plants to conduct price transmission to the downstream; At the same time, in order to maintain existing customers, some enterprises may choose industrial grade lithium carbonate with lower cost for production, and the price of lithium iron phosphate is under pressure. However, due to the fact that the current production enterprises have made a lot of profits, the price decline is limited. This week, the price of SMM lithium iron phosphate (power type) was 44000-47000 yuan / ton, and the average price fell by 2000 yuan / ton compared with last week.

Lithium manganate: the price of lithium manganate fell this week compared with last week. At present, the demand of lithium manganate market is relatively stable, but there is still excess supply in the market, and the market competition of capacity lithium manganate is fierce. At the same time, affected by the decline in the price of upstream raw materials, the average price fell. This week, the price of SMM lithium manganate (capacity type) was 26000-32000 yuan / ton, and the average price fell by 2000 yuan / ton compared with last week. This week, the price of SMM lithium manganate (power type) was 43000-45000 yuan / ton, and the average price fell by 1000 yuan / ton compared with last week.

Aftermarket forecastSMM expects that the cobalt price will show a volatile trend in October, with a fluctuation range of 15%. There is downward pressure on the price in the first half of the month. In the second half of the month, due to the approaching monthly purchase signing and the momentum for the signing of the annual order at the nickel cobalt annual meeting, the supply side may have more favorable news, which is more likely to rise. In terms of lithium, the current demand for cathode is relatively stable, and the downward space of lithium salt price is limited. In the short term, manufacturers in Qinghai and Jiangxi are less willing to reduce prices and ship goods, and the lithium salt price may fluctuate slightly at a low level.

Article source:Battery net