Battery and downstream end market:In the domestic power market,Power batteryThe installed capacity of the factory increased compared with last month, and the orders in June also improved compared with May. From January to April, the domestic b-end market fell significantly year-on-year, and the b-end market, which took on the heavy responsibility last year, recovered slowly. The total sales volume in the first April was 155600 vehicles, down 41.37% year-on-year. Mainly affected by the domestic epidemic in the first quarter, the online car Hailing market was cold, and many online car Hailing drivers chose to withdraw or postpone the lease. Since April, the b-end market has gradually recovered, driven by the subsidy policies of the state and local provinces and cities, which has also led to the rapid recovery of the entire electric vehicle market. In terms of overseas markets, although European and American car companies have resumed production in the near future, it is difficult to recover their production capacity quickly. For example, Tesla's current operating rate is only 5-60%. In addition, three Detroit auto manufacturers have confirmed patients, and the road to resumption of work is relatively difficult.

Electrolytic cobalt and cobalt hydroxide: domestic electrolytic cobalt prices rose this week.At the beginning of this week,Electrolytic cobaltMarket prices continue to rise. However, large downstream demanders have completed more raw material reserve inventory, and they are not willing to replenish at a high price in the near future. Small and medium-sized demanders just need to replenish inventory by purchasing and selling. Although producers and traders continue to raise prices, spot transactions are sporadic, and prices tend to stabilize in the second half of the week. In terms of cobalt intermediates, the supply of raw materials is relatively tight in the short term, and the spot purchase price at the port is still high, mainly because some small and medium-sized smelting manufacturers purchase in small quantities to maintain production. However, smelting enterprises are not very enthusiastic about the long-term purchase of raw materials in Africa. In June, downstream orders still did not improve, the future demand was weak, and the continuous rise in raw material prices lacked support. The price of electrolytic cobalt is 248-258000 yuan / ton, with an average price increase of 3000 yuan / ton compared with last week. The price of cobalt hydroxide is 9.8-10.4 US dollars / pound, with the average price unchanged from last week.

Cobalt salt and nickel salt: the price of cobalt chloride rose slightly this week.By the end of the month, purchase inquiries had increased, but most downstream believed that the space for price rise was limited, and only a few purchases were made.Cobalt chlorideThe market inventory is small, and the downstream order of cobalt tetroxide is better than that of the main downstream ternary precursor of cobalt sulfate. Therefore, the price of cobalt chloride is still higher than that of cobalt sulfate. The transaction price of cobalt sulfate this week is mainly 46000-47000 yuan / ton, cobalt chloride is sporadic this week, and the transaction price of a small number of 1-2 vehicles is 57000-58000 yuan / ton. The tension of cobalt raw materials has been basically consumed by the market. The current price of cobalt salt is in a stalemate, and there is no sign of recovery in downstream demand in June. After the arrival of cobalt raw materials at the end of June, the price of cobalt salt may have a slight correction. The price of cobalt sulfate is 46000-48000 yuan / ton, with the average price unchanged from last week. The current price of cobalt chloride is 5500-58000 yuan / ton, with an average price increase of 02500 yuan / ton compared with last week. The price of battery grade nickel sulfate is 23000-23500 yuan / ton, with an average price of 2.5 million yuan / ton lower than last week.

Cobalt oxide: the price of cobalt oxide rose slightly on Thursday.Cobalt tetroxideThe manufacturer's quotation was raised to 185000-19000 yuan / ton due to the rise of raw material cobalt chloride, and a small amount of transactions were made this week. According to SMM customer feedback, at present, the transaction price of Co3O4 in the market is mostly 175000-178000 yuan / ton, and only a small amount of transaction price is about 180000 yuan / ton. In June, the demand of downstream lithium cobalt oxide for cobalt trioxide was basically flat month on month. At present, the acceptance of the price rise of cobalt trioxide is not high, and the purchase volume is small. Although there is a very small recovery in overseas market demand, there is no response at home, and it is expected to be postponed to July. The current price of Co3O4 is 175000-18000 yuan / ton, with an average price increase of 2000 yuan / ton compared with last week.

Ternary precursor: the price of ternary precursor remains unchanged this Wednesday.The prices of cobalt salt and nickel salt were relatively stable this week, and the power market demand was still weak. The order in June was not as expected. The 523 single crystal and 811 precursor were slightly adjusted with the price of cobalt salt, and the overall market price was still upside down. Competition in the digital market is fierce, downstream purchase orders are reduced, and enterprises still reduce prices and ship goods.Ternary precursorThe price of (type 523) is 715-73000 yuan / ton, and the average price is the same as last week. The price of ternary precursor (622 type) is 78000-81000 yuan / ton, with the average price unchanged from last week. The price of the new ternary precursor (523 single crystal type) this week is 73000-76000 yuan / ton, with an average price of 722500 yuan / ton. The price of the new ternary precursor (type 811) this week is 91000-95000 yuan / ton, with an average price of 93000 yuan / ton.

Lithium carbonate: the price of battery grade lithium carbonate fell this week.Inquiries for lithium carbonate increased this week, but they were basically based on price comparison, and the actual transactions in the market were sporadic. Based on cost considerations, electric carbon and industrial carbon enterprises have slowed down their decline and narrowed their space for decline. According to the survey, there is no sign of recovery of downstream material demand in June, and it may improve in mid to early July. At present, the market volume of lithium carbonate is still sporadic, and the market supply is still sufficient. Some smelting enterprises intend to sign long-term orders, while some downstream enterprises intend to sample salt lakes based on cost considerationsLithium carbonate。 The price of battery grade lithium carbonate this week was 42000-44000 yuan / ton, with an average price of 0500 yuan / ton lower than last week. The price of industrial grade zero lithium carbonate this week was 33000-38500 yuan / ton, with the average price unchanged from last week.

Lithium hydroxide: the high price of battery grade lithium hydroxide fell this week.Large domestic factories of high nickel materials have gradually resumed production, but due to the fact that there are still raw material inventories, in recent JanuaryLithium hydroxideLimited procurement demand. Superimposed on overseas demand, affected by the transmission of the epidemic, orders were gradually reduced, and overseas orders of lithium hydroxide were reduced or postponed synchronously. The supply structure of battery grade lithium hydroxide in China has changed, the tight shipment has eased, and the price is gradually under pressure. The price of battery grade lithium hydroxide (coarse particles) this week was 52000-58000 yuan / ton, with an average price of 0500 yuan / ton lower than last week. The price of industrial grade lithium hydroxide added this week is 44000-46000 yuan / ton, with an average price of 45000 yuan / ton.

Lithium cobaltate: the price of lithium cobaltate was flat this week.Market routine 4.35vLithium cobaltateThe quotation is mainly 195000-205000 yuan / ton, and the quotation of lithium cobalt oxide above 4.4V is 220000 yuan / ton. There are few new signed orders for lithium cobalt this week, and the downstream purchases a little on a weekly basis. In June, the shortage of cobalt raw materials led to the rise in the price of cobalt series products. This week, the price of lithium salt was reduced due to the accumulation of inventory. Lithium cobalt oxide manufacturers are willing to raise their prices mainly due to the rise in the prices of raw materials cobalt chloride and cobalt trioxide, but the downstream lithium cobalt oxide battery factory will not pay the bill for the time being, and the price is still in the game, making it difficult for lithium cobalt oxide prices to rise. The price of 4.35v lithium cobaltate is 192000-197000 yuan / ton, with the average price unchanged from last week.

Ternary materials: the price of ternary materials fell slightly on Wednesday.This week, the price of upstream precursors remained basically unchanged, and the price of lithium carbonate continued to decline, but the downstream digital and power market procurement was small, and only the demand of small power market increased slightly,Ternary materialThe high price was slightly reduced. The price of ternary material (type 523) is 110-117000 yuan / ton, with an average price of 0500 yuan / ton lower than last week. The price of ternary material (type 622) is 130-138000 yuan / ton, with an average price of 0500 yuan / ton lower than that of last week.

Lithium iron phosphate: the price of lithium iron phosphate will remain unchanged this week.This week, the downward trend of lithium carbonate price slowed down, there were no new orders in the power market, and the price of lithium iron remained unchanged. Power market in the second half of the yearIron lithiumAs demand increases, some manufacturers will increase inventory in the near future to prepare for the second half of the year. Orders in the energy storage market increased, but domestic manufacturers competed fiercely. Individual enterprises reduced prices to less than 30000 yuan / ton by relying on cost advantages, and other manufacturers were forced to reduce prices to about 30000 yuan / ton in order to win orders. The price of lithium iron phosphate (power type) this week was 35000-37000 yuan / ton, with the average price unchanged from last week.

Lithium manganate: the price of lithium manganate fell this week.This weekLithium carbonateThe price has declined slightly, and the overseas market has not recovered, which has dealt a great blow to lithium manganate enterprises. Most manufacturers have reduced production seriously, and market transactions are sporadic. Some manufacturers can only reduce prices and ship goods, and the price of lithium manganate has decreased slightly. The price of lithium manganate (capacity type) this week was 2150-28000 yuan / ton, with an average price of 0500 yuan / ton lower than last week. The price of lithium manganate (power type) this week was 33500-35500 yuan / ton, with the average price unchanged from last week.

Future forecast:The tension of cobalt raw materials has been basically digested by the market, and the price of cobalt salt is deadlocked. At present, inquiries in the lithium salt market have increased, but the actual transactions are sporadic. It is understood that the demand for cathode materials showed no signs of warming in June, and the market demand for raw materials was limited. The cobalt price may be slightly adjusted after the arrival of cobalt raw materials in Hong Kong; In addition, without significant improvement in the domestic supply and demand structure, lithium prices in the future need to focus on the import of overseas salt lakes.

   
Article source:Battery China