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company news about The production and sales of new energy vehicles rose sharply year on year, and the price of cobalt and lithium slowed down

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The production and sales of new energy vehicles rose sharply year on year, and the price of cobalt and lithium slowed down
Latest company news about The production and sales of new energy vehicles rose sharply year on year, and the price of cobalt and lithium slowed down

 

In terms of cobalt, the shortage of cobalt raw material inventory lasted for a long time, the prices at home and abroad rose, the cost of smelters increased, and the low level of smelter inventory continued. If there is no expectation of a sharp decline in the demand side, the cobalt price will continue to rise and the rise will slow down.

 

In terms of power, according to the recently released insurance data of new energy vehicles, the number of insured vehicles in January 2021 was 146000, a sharp drop of 48.6% on a month on month basis and a year-on-year increase of 237%. The main reason is that in December last year, a number of domestic policies came to an end. For example, new energy subsidies were about to decline by 20%, and local consumption triggered a lot of demand, releasing part of the demand in January ahead of schedule. The year-on-year increase was due to the Spring Festival in January last year, the shortening of production and marketing period and the impact of the epidemic, which made the base of last year smaller. As far as the current situation is concerned, the production and sales of new energy vehicles have fallen on a month on month basis, but rose sharply on a year-on-year basis, which may continue in February.

 

The spot price of electrolytic cobalt rose this week. Downstream demanders continued to purchase, the transaction price went up, and the futures market was slightly consolidated, which slightly affected the market sentiment and reduced the trading volume. Considering the cost, it is expected that the price of electrolytic cobalt will still rise. Cobalt intermediate prices rose this week. Domestic spot tight, suppliers reluctant to sell, spot price is higher, volume level is lower, prices continue to rise. This week, the price of SMM electrolytic cobalt was 393000-403000 Yuan / ton, with an average price increase of 57500 Yuan / ton compared with last week. SMM cobalt intermediate price is 20.8-22 U.S. dollars / pound, the average price is 2.3 U.S. dollars / pound higher than last week.

 

Cobalt salt prices rose this week. After the festival, the market sentiment is high, the supplier quotation rises, the purchase inquiry increases, and the transaction price rises. Cobalt sulfate quotation is 98000-100000 Yuan / ton, cobalt chloride quotation is 115000-120000 Yuan / ton. According to the survey, the demand of downstream demanders is still on the rise, the quotation of suppliers is firm, and the transaction price is expected to continue to rise. This week, the price of SMM cobalt sulfate was 92000-95000 Yuan / ton, with an average increase of 9000 Yuan / ton compared with last week. The current price of SMM cobalt chloride is 108000-111000 Yuan / ton, with an average price increase of 15000 Yuan / ton compared with last week. The price of SMM battery grade nickel sulfate is 37000-38000 Yuan / ton, with an average price increase of 2000 Yuan / ton compared with last week.

 

The price of cobalt oxide rose on Thursday. According to the feedback of some customers, according to the procurement plan of downstream demanders, the supply of Co3O4 is in short supply, the inquiry sheet is increased, the quotation is greatly increased to 360000-380000 Yuan / ton, and the transaction price is gradually rising. The current price of SMM Co3O4 this week is 331000-355000 Yuan / ton, with an average price increase of 50000 Yuan / ton compared with last week.

Pub Time : 2021-03-06 08:48:01 >> News list
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