Weekly Report：Ternary materials rose sharply（7.25-7.31）

Lithium ion battery:

Recently, leading enterprises have turned to the field of cylindrical battery. At the same time, honeycomb, BYD and CATL have begun to produce stacking battery massively; in terms of technology, LFP battery has made a comeback, while ternary battery moves towards differentiation: Cobalt free, high nickel and Quaternary are all considered by enterprises. The future development of lithium battery industry becomes unclear.

 

Cathode 

NCM & NCA: 

Affected by the sharp rise of upstream metal raw material prices, China's ternary material prices rose sharply this week. The quotation of ternary materials of various models increased by RMB 5000-10000 / T. Although the price of cathode materials has increased recently, battery manufacturers are not very receptive. Some battery companies said that if the price of cathode materials continued to rise, they would consider cutting some orders of cathode materials in August. Therefore, the increase of the actual transaction price of ternary materials in the recent market is relatively small, about 5000 yuan / ton, and the trading volume is not large.

 

NCM & NCA precursor: 

The price of ternary precursor also followed upstream raw materials prices this week. At present, the quotation of current five series ternary materials have generally exceeded 80000 yuan / ton. Many precursor enterprises are worried that the price of sulfate will continue to rise, which will lead to their loss of income, their actual willingness to ship is not strong, even some of the precursor companies choose to suspend production temporarily to deal with the risk of price fluctuations.

 

This week, the price of cobalt sulfate has risen significantly. The market mainstream quotation has exceeded 50000 yuan / ton. Many ship holders want to maintain the current price, so they do not sell their goods. Cobalt sulfate prices are not expected to fall in the short term.

 

LFP：

LFP battery market was stable, some enterprises are shipping at low prices. Recently, some enterprises have launched large cylindrical LFP batteries for electric bicycles, we are waiting for market application feedback. At present, the bicycle market is basically occupied by LMO / NCM materials, and LFP is expected to take a share in this market in the future.

 

LMO:

LMO price was stable this week. Near the end of the month, the atmosphere of market transactions is not good. Although the price competition among some enterprises is fierce, but the price of LMO has reached the bottom, most mainstream enterprises are not willing to adjust the price, so the price remains stable in the short term.

 

 

Lithium carbonate：

There was no significant change in the price of LFP this week. Although the downstream market demand slightly recovered in July, however, the pressure of oversupply in the market has not been significantly eased, The price of battery grade lithium carbonate remained stable in July, and the low price of industrial grade lithium carbonate increased slightly, which had no impact on the cathode material market.

 

Anode:

In July, the overall situation of China's anode materials shipment was stable, and the increase of shipment was still mainly concentrated in the top enterprises. The demand growth of China's power battery market was relatively slow, and the demand of ESS and small power market growth quickly. In terms of raw material market, the low sulfur coke and needle coke were relatively stable in July, and there was no room for further downward trend. In the aspect of raw material market, the low sulfur coke and needle coke were relatively stable in July, and there was no room for further downward trend. Especially for needle coke products produced in China, the prices were seriously upside down, and the operating rate dropped to a low level. Many manufacturers stopped production to digest inventory. Overall, the power battery market in August is expected to be better.

 

battery separator:

In July, China's battery separator market demand increased significantly, and enterprises said that the overall shipment situation in the month was more optimistic than expected, and the monthly sales growth of individual enterprises reached more than 40%. It is reported that the main growth point of China battery separator demand in July came from the two-wheel electric vehicle market, and the demand for battery separator of ESS and power battery also showed an upward trend.

 

Electrolyte:

The situation of electrolyte market shipment has obviously rebounded recently, and the price is hovering at a low level. Most manufacturers still expect to be better in August. Recently, the price of PO has been rising rapidly, which is about 11000 yuan / ton, and the price of solvent ready to fluctuate. The price of 6F was low and stable. At present, the inventory is basically consumed. Due to the slow growth of market demand, some manufacturers plan to increase the operating rate. In the short term, the electrolyte market demand will continue to grow slowly.