In terms of domestic power market, the increase of terminal consumption demand and the year-end impulse of automobile enterprises are expected to maintain high sales volume in December, and the demand for power batteries will also remain high.
Battery and downstream terminal market: in terms of domestic power market, the increase of terminal consumption demand is superimposed with the year-end impulse of vehicle enterprises. It is expected that the sales volume will remain high in December, and the demand for power batteries will also remain high. In addition, Tesla and Volkswagen will start to purchase batteries for new models at the beginning of next year, and the demand for ternary batteries has increased. In addition, the overseas epidemic situation worsened, and the export speed of consumer goods slowed down. However, home isolation also led to an increase in tablet computer orders, while the number of orders for other consumer goods decreased due to transportation problems, which affected the demand for Sanyuan and lithium manganate batteries.
Electrolytic cobalt and cobalt intermediate products: spot price of electrolytic cobalt decreased this week. The annual demand of domestic traditional industries for electrolytic cobalt is 5000-6000 tons. Affected by the epidemic situation, the export orders of electrolytic cobalt are reduced and the import volume is increased. The overall supply of domestic electrolytic cobalt is far higher than the demand. Inventory digestion still takes time, combined with the cost price has a small decline space. Cobalt intermediate prices rose this week. The spot stock of cobalt intermediate products is tight, and the transaction is sporadic. A few transaction prices are up, with the quotation of 13 US dollars / pound, and the future price is still likely to rise. This week, the price of SMM electrolytic cobalt was 258000-27000 yuan / ton, with an average price of 10000 yuan / ton lower than last week. The price of SMM cobalt intermediate products is 12-12.4 US dollars / pound, and the average price is 5000 yuan / ton higher than last week.
Cobalt salt and nickel salt: the price of cobalt salt is flat this week. The supply and demand structure of cobalt sulfate is good, and the cost is high. However, the price transmission pressure of the mainstream downstream ternary precursor is large, and the high price of cobalt sulfate is difficult to trade. The downstream demand of cobalt chloride is basically met. It is expected that the transaction will be sporadic in the next two weeks, and the price will remain stable. This week, the SMM cobalt sulfate price is 54000-56000 yuan / ton, the average price is the same as last week. Compared with the current price of 60000 tons of cobalt chloride last week, the average price was unchanged. The price of SMM battery grade nickel sulfate was 278-2800 yuan / ton, with an average price of 0300 yuan / ton higher than last week.
Cobalt trioxide: cobalt oxide prices fell on Thursday. On Thursday, there were sporadic transactions of cobalt oxide, and the upstream and downstream prices played a game. The mainstream orders may be signed one after another next week. Entering the off-season of purchasing, the quotation will be lowered, and the transaction price may gradually decrease. According to SMM research, mainstream manufacturers can still accept the shipment price of more than 205000 yuan / ton. Combined with the recent high cost and cobalt tetroxide inventory, the order price may decline slightly to 204000-21000 yuan / ton next week. This week, the current price of SMM cobalt tetroxide is 205000-213000 yuan / ton, with an average price of 10000 yuan / ton lower than last week.
Ternary precursor: the price of Yuan precursor was flat on Wednesday. In terms of power market, the price of raw materials is basically stable this week. The market mainly talks about orders for next month. The actual transaction is not high, and the price of single crystal products is expected to rise slightly. The market competition of conventional 523 products is fierce, and the price is difficult to rise. The recent transaction price is basically maintained at 80-82000 yuan / ton. In terms of small power and digital market, downstream orders decreased, precursor enterprises oversupply, and market prices remained low. This week, the price of SMM ternary precursor (523 type) is 81000-83000 yuan / ton, the average price is the same as last week. The price of SMM ternary precursor (523 single crystal type) is 84000-86000 yuan / T, and the average price is the same as last week. The price of SMM ternary precursor (622 type) was 89000-93500 yuan / ton, and the average price was the same as last week. The price of SMM ternary precursor (811 type) was 985-104000 yuan / ton, and the average price was the same as last week.
Lithium carbonate: the price of industrial grade and battery grade lithium carbonate has increased this week. There is little supply of low-cost electric carbon, and the price range continues to narrow. At present, China is gradually entering the stage of stock preparation at the end of the year, and the downstream inquiry is increasing, and lithium salt factories are in short supply. However, the cost of the material plant has increased more recently, the price is under pressure, and the upstream and downstream game continues. It is expected that the transaction price of electricity carbon will be stable temporarily next week. At present, there are few long-term contracts in China, which are expected to be signed gradually in the middle and late December. Recently, the rising sentiment of industrial carbon is high. In Qinghai Province, the external quotation of industrial carbon in Salt Lake has risen to about 40000 yuan / ton, and the price of quasi electric carbon is a small amount of transaction at 42000 yuan / ton. Downstream began to replenish at the end of the year, the price may continue to rise. This week, the price of SMM battery grade lithium carbonate is 43000-45000 yuan / ton, and the average price is 10000 yuan / ton higher than last week. The price of SMM industrial grade lithium carbonate was 375-41000 yuan / ton, with an average price of 075 yuan / ton higher than last week.
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