The prices of precursors and electric carbon remained unchanged last week, and the rise in upstream raw material prices has not yet been transmitted to ternary material companies. At present, battery factories are difficult to accept material price increases, and the demand in th

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Introduction

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At present, ternary positive electrode materials are developing towards high specific capacity, high compaction, high voltage and low cost. Self-producing precursors have also become one of the main directions for the extension of the positive electrode materials business.

[Editor's Note] weekly report on positive electrode materials, which is a company under the subsidiary of Battery Network (Micro: Mybattery) and Rongbai Technology, a well-known domestic company, jointly launched a weekly report on positive electrode materials information (launched every Monday and belongs to the "Battery Think Tank" column), aiming to bring more objective cognition and analysis to the industry through more valuable data, reports or information, and give industrial manufacturing a different perspective and thinking. At the same time, we will launch in-depth research and project docking according to the needs of readers, industries and companies, and introduce advanced foreign technologies and appropriate capital to promote the commercial application process of China's positive electrode materials industry. In addition, exploring joint operations with enterprises or institutions can also meet the needs of companies, markets and users to a greater extent. We look forward to your attention, participation and support!

Battery Network Editor's Office Rongbai Holdings Rongbai Technology

July 20, 2020

[Focus] Cobalt salt prices rose slightly lithium iron phosphate prices fell slightly

batteries and downstream terminal markets: In terms of power market, overseas European countries successively introduced new energy subsidy policies in May, with Germany and France first, and the Netherlands, the United Kingdom and Greece also successively introduced new electric vehicle policies. After the implementation of the policy in June, European new energy vehicle sales returned to high growth. Among them, Germany and France led the European market to rise sharply month-on-month. The sales of major European countries in June totaled 81,000 vehicles, a year-on-year increase of 93% and a month-on-month increase of 104%, which has exceeded the highest level in a single month before the epidemic, and the penetration rate in June reached 8.9%. It is expected that the rapid restoration of the European auto market will also drive the demand of domestic battery companies and material companies, and promote the recovery of the domestic new energy industry chain as soon as possible.

ternary material : The price of ternary material remained unchanged last week. The prices of precursors and electric carbon remained unchanged last week, and the rise in upstream raw material prices has not yet been transmitted to ternary material companies. At present, battery factories are difficult to accept material price increases, and the demand in the power market is average, and it is difficult for ternary material prices to rise. Last week, the price of SMM ternary material (type 523) was 110,000-116,500 yuan/ton, and the average price remained the same as last week. The price of SMM ternary material (type 622) is 130,000-137,500 yuan/ton, and the average price remains the same as last week. The price of SMM ternary material (type 811) is 147,000-16,000 yuan/ton, and the average price remains the same as last week.

Lithium iron phosphate: The price of lithium iron phosphate fell slightly last week. Last week, the price of industrial carbon remained unchanged, and the power market demand for iron and lithium increased slightly, and the increase was expected to be significant next month. The energy storage market is still fierce, and downstream battery factories continue to lower prices, and the current high prices have declined slightly. Last week, the price of SMM lithium iron phosphate (power type) was 34,500-37,000 yuan/ton, and the average price remained the same as last week. The price of SMM lithium iron phosphate (energy storage type) is 28,000-33,000 yuan/ton, and the average price is 0.25 million yuan/ton compared with last week.

future market forecast: In terms of cobalt, the uncertainty of overseas cobalt raw materials imports has increased, and domestic electric cobalt and cobalt salts have certain cost support. In addition, the supply and demand structure of cobalt salts is improving, and the future market price may rise slowly. In terms of lithium, industrial carbon prices have rebounded slightly recently, and the market is currently in a wait-and-see and game state. In the future, prices have rebounded inflection points and still need to wait for demand to release a signal of improvement, and the industry needs to be given time to digest inventory. (Source: Shanghai Nonferrous Network)

[Industry] The epidemic in the first half of the year affected the decline of cobalt prices. The price of cobalt salt may stop falling and rebound in the second half of the year

The epidemic at the beginning of this year has had a huge impact on the global economy and industrial development. For the cobalt lithium new energy industry, the market supply and demand structure has also undergone significant changes. However, since March, China and Europe have introduced optimistic policies for the new energy vehicle industry, which undoubtedly sends a positive signal for the future development of "electrification". With this, the SMM new energy analysis team conducted research and integrated China's core battery material production data, summarized trend characteristics based on price trends, and made judgments and predictions on the price trend in the second half of 2020.

From January to June 2020, China's total output of cobalt sulfate was 16,900 tons of metal tons, a year-on-year decrease of 24%. SMM expects cobalt sulfate production to be 21,800 tons of metal tons in the second half of 2020, a year-on-year decrease of 11.7%; from January to June 2020, China's total output of cobalt chloride was 17,000 tons of metal tons, a year-on-year increase of 12.3%. SMM expects 20 In the second half of 2020, the output of cobalt chloride was 22,600 tons of metal tons, an increase of 12.3% year-on-year; from January to June 2020, China's total output of cobalt tetoxide was 28,800 tons of physical tons, an increase of 11.7% year-on-year. SMM expects that the output of cobalt tetoxide in the second half of 2020 will be 32,500 tons of physical tons, an increase of 8.9% year-on-year; from January to June 2020, the total output of China's ternary precursor was 114,000 tons of physical tons, a decrease of 24% year-on-year. SMM expects the production of ternary precursors to be 135,000 tons of physical tons in the second half of 2020, a year-on-year decrease of 3.4%.

In the first half of 2020, the average price of SMM metal cobalt was 258,400 yuan/ton, a year-on-year decrease of 9.5%; the average price of cobalt sulfate was 49,000 yuan/ton, a year-on-year decrease of 9.7%; the average price of cobalt chloride was 59,000 yuan/ton, a year-on-year decrease of 6%; the average price of cobalt tetraoxide was 187,000 yuan/ton, a year-on-year decrease of 7.2%. SMM is expected to show that the price difference between metal cobalt and cobalt salts narrows in the third quarter, and the terminal demand for battery cells gradually recovers in the third quarter, and the price of cobalt salt may stop falling and rebound, but the overseas epidemic control is not optimistic, and the expected room for growth is limited; it is not ruled out that the outbreak of the African epidemic affects the supply of cobalt raw materials and the cobalt price fluctuates significantly. (Source: Shanghai Nonferrous Network)

[Market] The price of cobalt salt has not been transmitted to the material factory. The price of ternary materials continues to be under pressure.

Today's 523 power model is between 108,000 and 116,500 yuan/ton, with an average price of 112,250 yuan/ton, with a low price of 2,000 yuan/ton; the market price of 523 digital model is mainly between 90,000 and 100,000 yuan/ton; the price of 622 power model is between 128,000 and 137,500 yuan/ton, with an average price of 132,750 yuan/ton, with a low price of 2,000 yuan/ton.

Power market, except for high-nickel products, the demand for conventional ternary materials in downstream is relatively low, and inventory of car companies and battery companies is still relatively high. Downstream car companies put cost pressure on battery factories, and battery factories continue to lower prices on ternary materials companies to reduce costs. At present, the price of cobalt salt is rising significantly, but it has not yet been transmitted to ternary materials companies. Battery factories are more difficult to accept the rise in material prices, battery factories have strong bargaining power, and the low prices of ternary materials continue to fall.

In terms of small power and digital market, downstream demand is good, but the market competition is fierce, ternary materials supply is oversupply, downstream market does not require high material quality, and the market sells at low prices is serious. Currently, there are still 523 digital models with prices below 90,000 yuan/ton. (Source: Shanghai Nonferrous Network)

[Result] *ST Salt Lake expected to earn more than 1.3 billion yuan in the first half of the year. Lanke Lithium Sales volume lithium carbonate 3972 tons

announcement shows that during the reporting period, the main business of *ST Salt Lake has continued to stabilize, with potassium chloride production of 2.6373 million tons and sales volume of 3.0157 million tons, the output of 2.4764 million tons and the sales volume of 2.2999 million tons, and the sales price decreased compared with the same period last year; its subsidiary Lanke Lithium produces 5,801 tons of lithium carbonate, with sales volume of 3,972 tons, and the output of 3,577 tons in the same period last year, and sales volume of 4,306.5 tons.

*ST Salt Lake said that the main reason for the significant changes in performance was that the company comprehensively utilized the loss-making assets through judicial reorganization, disposal and divested the subsidiary Salt Lake Magnesium Industry, and subsidiary Haina Chemical, the company restored its profitability and fundamentally improved its financial situation. (Source: Battery Hundred People's Club - Battery Network)

[Project] Changsha Ningxiang: Pengbo New Materials' investment of 400 million yuan lithium iron phosphate project is expected to be completed by the end of the month

Recently, the battery new material project of Hunan Pengbo New Materials Technology Co., Ltd., with a total investment of 400 million yuan, is progressing smoothly in the Changsha Ningxiang High-tech Zone. It is reported that the total construction area of ​​the project is more than 40,000 square meters, and the planned land is 108 mu. The project started construction in October 2019 and is expected to basically meet the completion acceptance conditions by the end of July this year. At present, the main structures of 14 factories have been fully capped, and the construction of outdoor roads and comprehensive pipelines has been basically completed, and is in the decoration stage.

Pengbo New Materials was established in February 2019 and is mainly engaged in the development and production of lithium-ion batteries, the promotion and application of new material technology, and the promotion and application of new automotive power technologies.The construction of Pengbo New Materials Lithium Iron Phosphate Project not only meets the country's green energy policy, but also meets market demand. The company's founding team established the lithium battery positive electrode material R&D center in 2014, and established a long-term cooperative relationship with Central South University , National University of Defense Technology, Hunan University and Changsha University of Technology . Relying on university resources, it actively promoted the research and development of lithium battery positive electrode materials. After years of polishing, it has established a complete industrial production and R&D system for lithium iron phosphate materials and has obtained a number of patents.

Pengbo New Materials invests 400 million yuan to build 16 lithium iron phosphate production lines with an annual output of 20,000 tons of new energy lithium battery positive electrode materials. After the project reaches full production, the annual output value will be 900 million yuan, and the tax is expected to be more than 24 million yuan. The completion of the project will become an important link in the advanced energy storage materials industry chain of Ningxiang High-tech Zone. (Source: Battery Hundred People's Club - Battery Network)

[Think Tank Circle] Focusing on the Self-Production Precursor Mode of ternary materials

SMM Data shows that last week, the price of ternary precursor (type 523) was 71,000-73,000 yuan/ton, the price of ternary precursor (type 523 single crystal) was 73,000-75,500 yuan/ton, the price of ternary precursor (type 622) was 78,000-80,500 yuan/ton, and the price of ternary precursor (type 811) was 90,500-95,000 yuan/ton.

At present, ternary positive electrode materials are developing towards high specific capacity, high compaction, high voltage and low cost. Self-produced precursors have also become one of the main directions for the extension of the positive electrode materials business.

As early as ABEC 2017 forum, Professor and PhD supervisor of the School of Metallurgy of Central South University, Hu Guorong , said, "Premotes occupy an important position in the ternary materials industry chain, have high technical barriers, and have an important impact on the quality of ternary materials. They are non-standard customized products. Therefore, manufacturers of self-produced precursors have more advantages in the competition for technological upgrading."

Hu Guorong said that at present, most ternary materials suppliers are self-produced precursors, including Dangsheng Technology, Xiamen Tungsten Industry , Bamo-Huayou, Ningbo Rongbai, Ruixiang New Materials, Greenmei , Henan Cologne and other manufacturers.

Disclaimer: The above content is reprinted from China Battery Network, and the content posted does not represent the position of this platform.

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