If you want to know more exciting content, come and follow My SteelNickel ore: macro and fundamental game Nickel price range ** operation
In January, the nickel price range ** operated. With the introduction of favorable domestic policies, the central bank will cut the reserve requirement ratio by 05 percentage points, Indonesia's nickel mine quota (RKAB) approval for the new year has been delayed. Supported by macro bullish factors, nickel prices once strengthened during the month. However, with the gradual decline of macro sentiment, under the pressure of surplus, nickel prices fell again at the end of the month, and finally the main force of Shanghai nickel was 126,990 yuan nickel, compared with 0 last month92%。
Nickel salt: Nickel sulfate profits are poor, and production is generally reduced, driven by tight circulation spots
In January, nickel sulfate profits were poor, and many market enterprises reduced production, resulting in tight circulation of goods, which pushed nickel sulfate enterprises to accept nickel sulfate, but there were a large number of nickel intermediate inventories in China, and the terminal demand did not reverse, and the market rose limitedly.
Cobalt and its compounds:**Limited volatility Demand remains in focus
In January, the operating capacity of electrolytic cobalt enterprises was 7969%；The operating capacity of cobalt powder enterprises is 7133%；The operating capacity of cobalt sulfate enterprises is 62%; The operating capacity of cobalt chloride enterprises is 623%；The operating capacity of cobalt tetroxide enterprises is 676%。At present, the operating rate of leading cobalt product smelting enterprises is normal, small and medium-sized enterprises are cautious to start construction, and mainstream enterprises are mainly guaranteed long-term agreements.
Before the holiday, the fundamentals of the cobalt market did not fluctuate, most companies said that upstream and downstream enterprises gradually began to take holidays, most small and medium-sized enterprises took holidays in advance, and the distribution station gradually stopped shipping, and the pre-holiday stocking or ended in mid-January. In the case of surplus after the holiday, the main focus is still on the demand side, and the pattern of oversupply in the field remains unchanged. It is estimated that the market price of cobalt sulfate will be around 31,500 yuan, and the market price of cobalt chloride will be around 39,000 yuan.
Downstream production enterprises:The trading atmosphere is sluggish and the demand performance is poor
This month, raw materials cobalt and lithium ** both declined, and the cost of ternary materials weakened. The raw materials of cobalt tetroxide and lithium carbonate** are sluggish, and the cost of lithium cobalt oxide has further declined.
In terms of cobalt powder, cobalt powder is weakly declining, and there is a certain degree of downward adjustment. Although the terminal demand is average, the enthusiasm for stocking before the Spring Festival is high, the head smelter is in normal production during the Spring Festival, and small and medium-sized enterprises are closed for holidays one after another. It is expected that the cobalt powder will remain stable in the current state before the festival**.
Ternary precursors: enterprises continue to reduce production and demand has not increased significantly
In January, the domestic leading ternary precursor enterprises are still in the warehouse, and the shipments of individual enterprises are significantly higher than the output, although the February orders are pre-loaded to January production, but the enterprises go to the warehouse obviously, and the overall demand has not reversed, and the market is still pessimistic about the demand for the future.
Lithium Mine:The market trading atmosphere is coldLithium prices fell slightly during the month
Lithium prices fell slightly during the month, and then stabilized with lithium salt**. Lithium mines remain stable and loose**, but the demand side is still light, and only a small amount of rigid demand is maintained. The market trading atmosphere is cold, and it is expected that lithium mines will be weak and stable.
Lithium salts:Lithium salt plants maintain a strong price sentimentLithium salt** weak and stable operation
Lithium prices were slightly higher in the month, and lithium salts began to stabilize in the middle of the month. The market atmosphere is relatively flat, approaching the Spring Festival, some downstream manufacturers began to stock up, lithium salt plants are reluctant to ship at low prices due to the price sentiment, resulting in a stalemate between supply and demand, and it is expected that lithium salt will run weakly and steadily.
Ternary cathode materials: February orders were front-loaded to January production demand increased slightly
Leading battery cell companies will put the demand in February to January for production, resulting in a slight increase in output in January, but in the case of overdraft of February demand, the order volume in February has dropped seriously, and the market is pessimistic about the market outlook.
Lithium iron phosphate:At the end of the year, the iron and lithium market is flat and is expected to continue to stabilize after the holiday
In January, before the Spring Festival, lithium iron phosphate in the cathode material market still occupies an important position, and the order performance of lithium iron phosphate manufacturers is acceptable when the lithium battery industry is expected to enter a flat season. The number of new energy vehicles has declined, and the demand for power batteries is not enough to support the continued growth of lithium battery production. From the specific production situation, the cost pressure drives the industrial chain to concentrate in the southwest region with low production costs, while the processing costs of lithium iron phosphate manufacturers are compressed to the limit, and the enterprises will pin their hopes on overseas markets, and the short-term lithium iron phosphate market is expected to continue to maintain the current situation of small profits but not much sales.
Negative electrodeMaterial:The low-sulfur petroleum coke market is downward, and the anode market is generally willing to start
In January, the natural graphite market operated weakly. At present, the graphite industry is suspended, the production of the Heilongjiang market is limited, and most of the natural graphite plants in Luobeidi in Northeast China have been closed, and it is expected that the market production will gradually return to normal from March. Due to the different environmental protection acceptance conditions, the flotation production line in Luobei District could not be fully restored until the end of June, and the overall industry capacity utilization rate was not high. The refractory market was affected by the output reduction of downstream steel mills, and the number of market orders declined. However, there is no good news in the anode material market for the time being, the purchase intention is generally weak, and the overall market orders are also declining. On the whole, the natural graphite market is trading cold, and the market is weak.
ElectrolyteThe electrolyte ** continues to be calm and stable, and the downstream terminal continues to go to the warehouse
In January, the electrolyte market continued to be stable and unchanged. In terms of raw materials, in early January, the upstream raw material lithium carbonate and the core raw material lithium hexafluorophosphate ** were narrowly reduced, the volatility was not large, the market transaction was weak, and the ** gradually stabilized in the second half of the year. Other raw materials, electrolyte solvents and additives, are constrained by the reduction of terminal demand, and the shipment is not smooth, and the production enterprises reduce the burden and reduce the pressure, mainly negotiate and ship, the transaction center is low, and the electrolyte cost support is general. On the demand side, the operation of terminal battery factories to the warehouse continued in January, the start of construction was generally not high, and some small enterprises entered the holiday mode in advance, and the enthusiasm for market procurement was not good, and the wait-and-see sentiment was strong. In terms of profits, the profit of electrolyte continued to be small this month, mainly lithium hexafluorophosphate, some solvents, and additives**, and the electrolyte ** remained stable, so the profit rebounded. On the whole, the supply and demand side of the electrolyte market remained weak and stable, and the overall situation remained stable.
Diaphragm:The raw material market PE *** separator orders are under pressure
In terms of raw materials, the raw material market was mixed, PE**23-303 yuan ton, PP**50-100 yuan ton, dichloromethane **35-160 yuan ton.
In January, the lithium battery separator market continued to be under pressure, the downstream battery is still in the process of going to the warehouse, the battery companies for the energy storage market are too high expectations to cause the backlog of inventory, the dry separator field has also set off a competition, small volume and high cost production capacity is facing clearing, the current battery demand is in the off-season, enterprises are more in accordance with the order shipment, downstream battery manufacturers reduce production, the terminal automobile production and sales are good, which promotes the release of battery inventory, the downstream battery demand is weak, and the head separator enterprises maintain normal production, However, the starting load has declined, the diaphragm market is running relatively smoothly, and under the long-term order agreement, the first change is not frequent.
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