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Lithium Battery Cathode Material Market: Cobalt Products Have No Price, Lithium Salt Is Ready To Move

- Sep 18, 2018 -

Recently, the price of cobalt continued to rise, pushing the price of cobalt products after the holiday to rise sharply. The manufacturers of cathode materials resumed production. The two sides are still testing each other. The actual transaction is relatively sporadic. It is expected that large-scale transactions will occur in mid-March.


In terms of lithium, lithium salt suppliers are actively pushing up, first-line suppliers are holding steady prices, and cathode material manufacturers are gradually recovering. It is expected that there will be large-volume transactions.


Electrolytic cobalt: Guided by the acceleration of cobalt price of foreign media, domestic producers, speculators and importers have increased their prices in a unified manner after the holiday. The overall market transaction is still under pressure, but some individuals just need to lock in transactions to maintain production, and the cost continues to rise. The downstream is helpless, and the stability of the cobalt price is currently very rare. The current price of electrolytic cobalt is 595,000-608,000 yuan/ton, and the average price is 24,000 yuan/ton.


Cobalt and nickel salts: During the Spring Festival, the price of cobalt in foreign media is still rising. Most smelter products have been locked by ternary precursor manufacturers before the holiday. The large quantities of spot available for sale are rare, and the payment terms are more stringent. The price of cobalt sulphate in Zhejiang rose to 135 yuan / kg, and the price of cobalt chloride rose to 155 yuan / kg. In terms of transaction, cobalt sulphate has sold more than 130 yuan / kg, and the price of cobalt chloride has reached 150 yuan / kg.


In terms of nickel, nickel raw materials also continued to rise, and the price of nickel sulfate in Guangxi rose to 2.75 yuan / ton. The current price of cobalt chloride is 148-150 yuan / kg, the average price is 8 yuan / kg higher than last week. The price of cobalt sulfate is 128-132 yuan/kg, and the average price is 9 yuan/kg higher than last week. The price of nickel sulfate was 27,500 yuan / ton - 29,500 yuan / ton, the average price increased by 0.1 million yuan / ton from last week.


Cobalt Oxide: The price of the mainstream four cobalt manufacturers is 460-475 yuan/kg before the holiday. The price of the pre-holiday transaction is 430 yuan/kg, and the transaction has exceeded 450 yuan/kg. However, due to the strategic inventory of some of the lithium cobalt oxide manufacturers before the festival, the transaction volume is not large. The current price of cobalt trioxide is 441-451 yuan / kg, the average price is 21 yuan / kg higher than last week.


Cobalt oxide: The price of mainstream cobalt oxide market suppliers has risen to over 430 yuan / kg. The market for cobalt oxide was dominated by the seller and the actual transaction price was passively elevated. People in the rare earth permanent magnet industry said that the price of cobalt oxide has risen too fast, or it will accelerate the market's use of cobalt oxide, a substitute for cobalt oxide. The current price of cobalt oxide is 404-414 yuan / kg, and the average price is 19 yuan / kg higher than last week.


Cobalt powder: The mainstream transaction price of cobalt powder continued to rise. The price of mainstream big manufacturers rose to 720 yuan / kg, passively accepted downstream, this week's transaction price broke through 680 yuan / kg. The price of cobalt powder is 675-685 yuan/kg, and the average price is 35 yuan/kg higher than last week.


Ternary precursors: Precursor suppliers are afraid that cobalt salts will continue to rise, and the price of cobalt sulphate will rise sharply to test the degree of acceptance of downstream ternary materials manufacturers. The quotation of ternary precursors in Hunan rose to over 142 yuan/kg, and suppliers in Zhejiang and Jilin regions may suspend their offer or transfer to 140 yuan/kg. However, the cost of nickel-cobalt raw materials will need to pass for a certain period of time. This week, the price of 523-powered ternary precursors will be 138 yuan/kg. The price of the ternary precursor (type 523) is 134-138 yuan/kg, and the average price is 6 yuan/kg higher than last week.


Lithium carbonate: The price of lithium carbonate is stable. After the holiday, a factory in Sichuan was so eager to offer a price of more than 160,000 yuan / ton. The response signal of a factory in Shandong also raised the price. It is understood that Jiangxi and Sichuan volume giant suppliers offer no change. Lithium carbonate suppliers are actively creating transmission price signals, and cathode material manufacturers are mostly wait and see. The price of lithium carbonate is 150,000-157,000 yuan / ton, and the average price is unchanged from last week.


Lithium cobaltate: The driving force for the rise in the price of lithium cobalt oxide lies in the gradual conduction of the price of tetracobalt. Despite the low season of digital electronics, cobalt raw materials continue to rise, and lithium cobalt oxide battery manufacturers are passively accepted. The price of 4.35V lithium cobaltate is 433-443 yuan/kg, and the average price is 13 yuan/kg higher than last week.


Ternary materials: Cobalt raw materials continue to rise after the holiday. The mainstream ternary materials suppliers are still delivering pre-orders this week. The quotation has not been raised yet. Some manufacturers have raised their quotations, but it is difficult to break the current transaction price of 523 model power type to break 220 yuan/kg. . The price of ternary material (type 523) is 215-217 yuan/kg, and the average price is 5 yuan/kg higher than last week.


Lithium iron phosphate: The mainstream transaction price of lithium iron phosphate (power type) after the Spring Festival is maintained at 80-90 yuan / kg, unchanged from the previous year. Since March, various lithium iron phosphate manufacturers have started construction and gradually resumed production from the Spring Festival shutdown. The price of lithium iron phosphate is 80-90 yuan/kg, and the average price is unchanged from last week.


Market outlook: It is predicted that cobalt prices will remain high for a while. The core logic is that, from a fundamental point of view, there is no gap between supply and demand of cobalt salt, and the price of cobalt is too strong, which will promote the reshuffle of the cathode material industry, and will also inhibit the blind expansion of cathode material production capacity. The actual effective demand will be More prominent.