A Glance of China Lithium-ion Battery Materials Week 1 , Jan 2023
▼ Lithium compounds prices may continue to drop.
- Partial lithium compounds manufacturers and traders rush to sell before the CNY holiday(Jan 21-27)
- Sluggish demand from downstream users
-- Nickel sulfate prices are expected to remain stable, with chances to trend down.
- Ample supply with new production capacity commenced.
- Nickel sulfate producers curb production upon the Covid-19 wave in December and weakened demand from downstream manufacturers of ternary precursors.
- The competitive advantage of integrated enterprises with both Nickel resources and the production capacity of ternary precursors is strengthened, while those non-integrated enterprises are losing their competitiveness.
▼ Cobalt sulfate prices may continue to fall.
- Ample global cobalt supply despite declining cobalt sulfate production in China
- Sluggish demand for ternary batteries used in 3C electronics and downstream manufacturers of ternary precursors are curbing production to a greater extent.
- Most smelters are fence-sitting, while partial smelters rush to sell to close their fiscal year with a healthy cash flow, causing fierce price competition.
-- Manganese sulfate prices may stay flat, with chances to slide.
- Sufficient supply, low profits, and dull demand in the short term
- Manganese sulfate manufacturers are reducing production, apart from partial enterprises producing at full capacity to achieve their annual production targets.
▼ Ternary cathode materials prices are expected to dip a little.
- Less demand from downstream cell producers at year-end
- Partial downstream enterprises have started their CNY (Chinese New Year) holiday.
- Prices of lithium carbonate and cobalt sulfate are declining.
▼ Lithium iron phosphate (LFP) cathode materials prices may drop in the short term.
- Lithium compounds prices keep sliding
- Demand from downstream power battery manufacturers is weakened.
- Market sentiment may remain bearish in the short term.
▼ Anode materials prices may trend down in the short term.
- Slow trading activities, mainly dominated by rigid demand from battery producers with proactive price negotiation moves
- Graphitization cost is expected to fall against an oversupply with demand waning.
-- Battery separator prices may be narrowly range-bound.
- Production order volume remains stable, which is less affected by the phasing-out subsidies for purchasing NEVs at the year-end.
▼ Electrolyte prices may slip in the short term.
- Prices drop on the raw materials side.
- Given the weakened demand, the total order volume has been reduced and mostly concentrate on the top electrolyte enterprises, with small and medium-sized manufacturers cutting their production.
|
Contact us if you'd like to start a trial to get the latest news and know more about the rationale behind the views.
A Glance of China Lithium-ion Battery Materials Week 4, May 2023
May 24, 2023 19:30
A Glance of China Lithium-ion Battery Materials Week 4, Apr 2023
Apr 26, 2023 18:30
A Glance of China Lithium-ion Battery Materials Week 2, Apr 2023
Apr 12, 2023 17:30
A Glance of China Lithium-ion Battery Materials Week 1, Apr 2023
Apr 06, 2023 14:30
A Glance of China Lithium-ion Battery Materials Week 5, Mar 2023
Mar 29, 2023 21:00