Battery Terminal Market

According to the statistics of China Automotive Power Battery Industry Innovation Alliance, in February 2019, China’s power battery loading volume totaled 2.24GWh, an increase of 118.03% year on year, and a decrease of 54.81% year on year. Among them, the three-element battery loading was 1.85GWh, up 178.92% year-on-year, with a decrease of 46.47%. The lithium iron phosphate battery loading was 0.32GWh, down 4.78% year-on-year and 77.30% year-on-year. The lithium manganate battery loading was 0.04GWh, up 2163.49% year-on-year, up 19.30% year-on-year, and the lithium titanate battery loading was 0.03GWh, up 5.30% year-on-year, down 49.30% year-on-year.

In terms of power battery enterprises, in February 2019, there were 35 power battery enterprises in China’s new energy automobile market, 15 fewer than in January. The top three, the top five and the top 10 power battery enterprises have 1.64 GWh, 1.81 GWh and 2.06 GWh respectively, accounting for 73.16%, 80.82% and 91.95% of the total load respectively.

Upstream raw material price

Cobalt: The domestic cobalt price declines sharply, the volume of cobalt sulphate price increases below 60,000, and the price of cobalt chloride bottoms at 65,000. Affected by the downstream demand downturn, the price has further downward pressure.

Lithium salt: There is polarization in the lithium carbonate market. For large lithium salt factories, brand awareness and product quality stability rank first, orders are abundant and stocks are small, and prices remain firm. The lithium salt factories of other small and medium-sized enterprises tend to seize the market for themselves through price advantage. Therefore, the trading range of lithium carbonate is enlarged. Lithium hydroxide transaction is less, the domestic market demand is light. With the increase of trading volume, its price is expected to fall further.

Lithium manganate: Sales of capacity type and power type are not good. Poor sales of capacity lithium manganate are mainly due to overcapacity and near saturation of downstream demand. The demand for power lithium manganate is very small, the price of ternary materials is lower, and the doping amount of power lithium manganate is reduced.

Lithium Ferrophosphate: The supply of long orders is stable, the spot transaction is scarce, and the price is 5,000 yuan/ton lower than before. Ternary orders have remained stable and show no significant growth for the time being. Spot trading price of lithium cobalt acid declined with the price of raw materials. News: Lubon Industry Co., Ltd. announced that according to the company’s strategic master plan for the capacity of 20,000 tons of lithium battery cathode materials, through its wholly-owned subsidiary,  it has implemented the projects of 10,000 tons of lithium iron phosphate cathode materials and 5,000 tons of ternary cathode materials annually.