5G consumer battery demand is uncertain. The battery market is running smoothly.
In terms of consumer batteries, the 5G mobile phone mass production release plan is concentrated in the middle of the year. Recently, the Ministry of Industry and Information Technology said that it will start issuing 5G licenses. However, 5G mobile phones are truly commercialized on a large scale, depending on the coverage of 5G signal networks. At present, various consumer battery manufacturers said that recent orders are more from the new product market, and orders for mobile lithium batteries are still in a downward trend. The upstream lithium cobalt oxide material manufacturers also said that they did not feel the increase in demand for orders from 5G consumer batteries.
Power battery, this week announced the power battery installed capacity data in February: February 2019, China's power battery loading total 2.24GWh, an increase of 118.03%, down 54.81%. Among them, the total output of ternary batteries was 1.85GWh, a year-on-year increase of 178.22%, a decrease of 46.47% from the previous month; the total load of lithium iron phosphate batteries was 0.32GWh, a decrease of 4.78% year-on-year and a decrease of 77.30% from the previous month; Lithium manganate batteries were loaded with 0.04GWh, up 2163.49% year-on-year and 19.30% month-on-month. Lithium titanate batteries were loaded with 0.03GWh, an increase of 5.30% year-on-year and a decrease of 49.30%. At present, the industry is still waiting for the introduction of subsidy policies. For passenger cars, some of the mainframe factories have already considered the cost advantage of lithium iron phosphate batteries and developed the short-distance travel function of the models. On the passenger car side, due to the sales quota model, the subsidy policy has not yet been introduced, and it has not yet been introduced. Negotiate the 2019 order and battery pack price. In terms of high-nickel ternary batteries, the high-nickel R&D and mass production process of the main cylindrical battery manufacturers is now smoother.
Electrolytic cobalt: This week, foreign media continued to decline, guiding the country still negative attitude. Domestic mainstream producers have loosened their offer prices, while traders have lower spot prices after the current arbitrage replenishment. Although the stock is limited, the downstream production consumption is really disappointing. The turnover is so difficult that the traders purchase negatively and the market circulation is extremely low. By the end of the week, the SMM cobalt price was 27.2-100,800 yuan/ton, and the average price was lowered by 0.6 million yuan/ton from last week.
Cobalt and nickel salts: The price of cobalt salts has dropped significantly this week. Producers and traders have been affected by panic and sent to lower prices. The demand of downstream buyers is still good, but the frequency of procurement cycles has increased. The price of SMM cobalt sulfate is 5.80 - 6.300 yuan / ton, and the average price is down by 0.2 million yuan / ton from last week. The current price of SMM cobalt chloride is 6.40 - 6.90 million / ton, and the average price is down 0.35 million / ton from last week. The price of SMM nickel sulfate is 25000.00 - 27000.00 yuan / ton, and the average price is 750 yuan / ton higher than last week.
Cobalt trioxide: At the beginning of the week, the price of the four cobalt in the big factory was firm but nobody cares. Subsequently, some manufacturers sold their products at a reduced price to protect core sales and maintain core buyer relationships. The current price of SMM cobalt monoxide is 20.00 - 21 million yuan / ton, and the average price is 10,000 yuan / ton lower than last week.
Cobalt oxide: The demand for cobalt oxide is dull, and the downstream wait-and-see attitude is strong. The seller has to ship at a low price. The current price of SMM cobalt oxide is 19.80 - 20.80 million / ton, and the average price is 0.9 million yuan / ton lower than last week. The price of electro-cobalt at home and abroad continued to fall, affecting the price of cobalt powder raw materials, and the price of cobalt powder fell. The price of SMM cobalt powder is 31.00 - 330,000 yuan / ton, and the average price is 15,000 yuan / ton lower than last week.
Ternary precursor (523 power type): The precursor maintains last week's market, and the supplier's reaction to downstream demand is still acceptable, but the price of cobalt raw materials has continued to decline recently, and the transaction price has been dragged down slightly. The price of SMM ternary precursor (type 523) is 9.20 - 9.60 million yuan / ton, and the average price is down by 0.2 million yuan / ton from last week. The price of SMM ternary precursor (622 type) is 9.70 - 10.1 million yuan / ton, and the average price is 0.2 million yuan / ton lower than last week.
Lithium carbonate: Since the end of January this year, the lithium carbonate market has been polarized. For the lithium salt factory like Tianqi Yufeng, the brand awareness and product quality stability are among the best, the orders are abundant and the stocks continue to be firm. The lithium salt factories of other small and medium-sized enterprises tend to seize the market for themselves through price advantage. Therefore, the lithium carbonate trading interval has expanded and maintained. This week, SMM battery-grade lithium carbonate price was 7.8-8.1 million yuan / ton, the average price was flat compared with last week.
Lithium hydroxide: This week, lithium hydroxide prices began to fall. There has been a downward trend in prices before this, but it has not appeared due to the scarcity of transactions. The transaction started this week, but the market is generally weak. The price of battery-grade coarse-grained lithium hydroxide is 9.5-9.8 million yuan/ton, and the price of battery-grade micro-powder lithium hydroxide is about 105,000 yuan/ton. This week, the price of SMM battery-grade lithium hydroxide was 9.8-11 million yuan / ton, and the average price dropped by 0.15 million yuan / ton from last week.
Lithium cobaltate: The market for lithium cobalt oxide remains flat. The downstream battery manufacturers are evading the risk of raw material prices, and procurement is mostly carried out in the form of processing. Manufacturers are also reluctant to prepare more finished goods inventory, and production is mostly based on maintaining core customers. The price of SMM4.35V lithium cobalt oxide is 26.00 - 270,000 yuan / ton, and the average price is down 0.5 million yuan / ton from last week.
Ternary material (523 power type): The demand for ternary materials is acceptable. The market demand is still dominated by 56 series of single crystals, and the demand for high nickel in some non-leading battery factories has increased, but whether the overall high nickel demand can break out remains to be observed and tested by the terminal market. The spot price of ternary materials declined with the price of raw material ternary precursors. The price of SMM ternary material (type 523) is 14.60 - 15.7 million yuan / ton, and the average price is down by 0.1 million yuan / ton from last week. The price of SMM ternary material (type 622) is 16.30 - 17.4 million yuan / ton, and the average price is down by 0.1 million yuan / ton from last week.
Lithium manganate: The sales volume of capacity type and power type is not good. The poor sales of capacity lithium manganate is mainly due to the overcapacity of capacity lithium manganate, and the downstream demand is almost saturated. The demand for powered lithium manganate is extremely low, the price of ternary materials is lower, and the doping demand for dynamic lithium manganate is reduced. This week, SMM lithium manganate (capacity type) price is 3.2-4.2 million yuan / ton, the average price is flat compared with last week. This week, the price of SMM lithium manganate (power type) was RMB 5-55 million/ton, and the average price was unchanged from last week.
Lithium iron phosphate (power type): Lithium iron phosphate manufacturers indicate that the long-term supply is stable, spot transactions are scarce, and the overall price is down by 5,000 yuan/ton. This week, the price of SMM lithium iron phosphate (power type) was 5.2-5.6 million yuan / ton, and the average price dropped by 0.1 million yuan / ton from last week.
Market outlook: Recently, the long-term cobalt contract is still in the game period. The spot market transaction is quite “careful”. The buyers of smelting products further reduce the inventory level and slow down the procurement pace. The smelter is spread by panic and seizes the spot and raw materials. The will to purchase raw materials is relatively low. Processing and back-to-back transactions increased. The market has long expected the low price of cobalt this year, the business strategy has been adjusted, and the demand for shipments has increased. In the short term, the signal of production reduction and production stoppage of the large smelter has not been available. In the short term, the price bottoming signal is temporarily unclear.