Electric cobalt prices continue to decline -Lithium - Ion Battery Equipment
Last week, the cobalt and lithium markets continued to decline, and the spot market transactions were relatively sluggish. Although the inquiries in the cobalt market have increased, the actual transactions are still insufficient. The inventory in the cobalt smelting market is low, and the willingness to purchase raw materials is also relatively sluggish, which will transmit the pressure upward. In the spot market of raw materials, prices fell again under the current situation of sluggish demand. A similar situation has also occurred in lithium. The price of domestic lithium salt is lower than that of overseas prices, forcing the price of imported lithium raw materials and lithium salt to drop.(Lithium - Ion Battery Equipment)
Electrolytic cobalt: Guided by the continuous decline of foreign media quotations and the weakening of transactions during the summer vacation in overseas markets, the domestic speculative market fluctuates frequently, and the market mentality is unstable. Domestic downstream consumption is weak, and there is still anxiety about the market, resulting in a very quiet overall transaction except for just a small amount of purchases. The strong willingness of upstream suppliers to ship also does not help. Therefore, there is pressure to hold prices, and the market is still in a downward trend. By the weekend, the price of SMM electrolytic cobalt was 508,000-540,000 yuan / ton, and the average price fell by 8,500 yuan from last week. Yuan / ton.
Cobalt salts and nickel salts: Inquiries for cobalt sulfate market transactions increased last week, but due to weak downstream demand, the actual transaction volume and price are still weak. In order to ensure shipments, major manufacturers lowered the price of cobalt sulfate to 110,000 yuan / ton. However, there is still a gap between the price and the price of cobalt salt produced from waste, and the competitiveness is insufficient, and no one cares. In terms of cobalt chloride, the supply and demand pattern is relatively concentrated, and there is no large-scale transaction this week, so the price performance is stronger than cobalt sulfate. Nickel sulfate held steady. The price of SMM cobalt sulfate is 103,000-109,000 yuan / ton, and the average price is down 3,000 yuan / ton from the previous week. The current price of SMM cobalt chloride is 127,000-129,000 yuan / ton, and the average price is down 2,000 yuan / ton from last week. The price of SMM nickel sulfate is 27000.00-29000.00 yuan / ton, and the average price is unchanged from the previous week.
Cobalt tetroxide: The price of cobalt oxide continued to decline last Thursday. Subject to the high import cost, the quotations of major manufacturers are still stuck at more than 400,000 yuan, but the downstream demand is insufficient, and the response is relatively indifferent. Suppliers have to make concessions on transaction prices, but in terms of corresponding payment methods, suppliers have stricter requirements in order to save capital costs. The current price of SMM cobalt tetroxide is 380,000-390,000 yuan / ton, and the average price is down 20,000 yuan / ton from last week.
Lithium cobalt oxide: The transaction price of lithium cobalt oxide fell slightly last week, mainly due to the sluggish downstream demand in the recent off-season, and the degree of customization of the lithium cobalt oxide market is not as good as that of ternary materials, and the price competition pressure is great. The price of SMM4.35V lithium cobalt oxide is 410,000-420,000 yuan / ton, and the average price is down 5,000 yuan / ton from last week.
Cobalt oxide: The transaction price of cobalt oxide in the market was lowered last week. Due to the current high raw material cost, there is almost no gap between the price of cobalt and cobalt oxide. Compared with the cobalt oxide produced from waste in the market, the competitive advantage is insufficient, and the transaction is not easy. The current price of SMM cobalt oxide is 360,000-370,000 yuan / ton, and the average price is down 30,000 yuan / ton from last week.
Ternary precursors: Cobalt prices continue to decline, and ternary precursor suppliers are under great pressure to deliver. In order to achieve cost control, some downstream companies have begun to customize 5-1.5-3.5 series of ternary precursors, and the supply of 523 model ternary precursors exceeds demand. Transaction prices fell again. The price of SMM ternary precursor (type 523) is 122,000-124,000 yuan / ton, and the average price is down 3,000 yuan / ton from the previous week. The price of SMM ternary precursor (type 622) is 129,000-131,000 yuan / ton, and the average price is down 2,000 yuan / ton from last week.
Electrolytic cobalt: Guided by the continuous decline of foreign media quotations and the weakening of transactions during the summer vacation in overseas markets, the domestic speculative market fluctuates frequently, and the market mentality is unstable. Domestic downstream consumption is weak, and there is still anxiety about the market, resulting in a very quiet overall transaction except for just a small amount of purchases. The strong willingness of upstream suppliers to ship also does not help. Therefore, there is pressure to hold prices, and the market is still in a downward trend. By the weekend, the price of SMM electrolytic cobalt was 508,000-540,000 yuan / ton, and the average price fell by 8,500 yuan from last week. Yuan / ton.
Cobalt salts and nickel salts: Inquiries for cobalt sulfate market transactions increased last week, but due to weak downstream demand, the actual transaction volume and price are still weak. In order to ensure shipments, major manufacturers lowered the price of cobalt sulfate to 110,000 yuan / ton. However, there is still a gap between the price and the price of cobalt salt produced from waste, and the competitiveness is insufficient, and no one cares. In terms of cobalt chloride, the supply and demand pattern is relatively concentrated, and there is no large-scale transaction this week, so the price performance is stronger than cobalt sulfate. Nickel sulfate held steady. The price of SMM cobalt sulfate is 103,000-109,000 yuan / ton, and the average price is down 3,000 yuan / ton from the previous week. The current price of SMM cobalt chloride is 127,000-129,000 yuan / ton, and the average price is down 2,000 yuan / ton from last week. The price of SMM nickel sulfate is 27000.00-29000.00 yuan / ton, and the average price is unchanged from the previous week.
Cobalt tetroxide: The price of cobalt oxide continued to decline last Thursday. Subject to the high import cost, the quotations of major manufacturers are still stuck at more than 400,000 yuan, but the downstream demand is insufficient, and the response is relatively indifferent. Suppliers have to make concessions on transaction prices, but in terms of corresponding payment methods, suppliers have stricter requirements in order to save capital costs. The current price of SMM cobalt tetroxide is 380,000-390,000 yuan / ton, and the average price is down 20,000 yuan / ton from last week.
Lithium cobalt oxide: The transaction price of lithium cobalt oxide fell slightly last week, mainly due to the sluggish downstream demand in the recent off-season, and the degree of customization of the lithium cobalt oxide market is not as good as that of ternary materials, and the price competition pressure is great. The price of SMM4.35V lithium cobalt oxide is 410,000-420,000 yuan / ton, and the average price is down 5,000 yuan / ton from last week.
Cobalt oxide: The transaction price of cobalt oxide in the market was lowered last week. Due to the current high raw material cost, there is almost no gap between the price of cobalt and cobalt oxide. Compared with the cobalt oxide produced from waste in the market, the competitive advantage is insufficient, and the transaction is not easy. The current price of SMM cobalt oxide is 360,000-370,000 yuan / ton, and the average price is down 30,000 yuan / ton from last week.
Ternary precursors: Cobalt prices continue to decline, and ternary precursor suppliers are under great pressure to deliver. In order to achieve cost control, some downstream companies have begun to customize 5-1.5-3.5 series of ternary precursors, and the supply of 523 model ternary precursors exceeds demand. Transaction prices fell again. The price of SMM ternary precursor (type 523) is 122,000-124,000 yuan / ton, and the average price is down 3,000 yuan / ton from the previous week. The price of SMM ternary precursor (type 622) is 129,000-131,000 yuan / ton, and the average price is down 2,000 yuan / ton from last week.
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