Weekly repott: Market is is restoring period (2.22-2.28)

Lithium ion battery

NCM

From the perspective of downstream demand performance, the recent shipment of digital ternary materials is relatively good, while power-type ternary materials have shown poor sales. However, in terms of actual market transactions, the domestic ternary materials market this week has only slightly improved compared to the previous situation, far from reaching normal levels. And due to the different production rhythms of downstream battery manufacturers, the difference in shipments of domestic ternary material manufacturers this week is also obvious.

This week, the ternary precursor out of the rising market, the prices of raw materials such as cobalt sulfate and nickel sulfate have not performed well.

LFP：

LFP companies have been in a rush period in the near future. Most of the actual effective production time of this month is only about one week, which has a great impact. However, everyone is optimistic about the demand for replenishment of downstream stores in March and expects that production will be full in March. Prices have not changed much.

LMO：

According to ICCSINO, with the pullback of industrial lithium carbonate prices, some companies will begin to raise the price of lithium manganate in early March. At present, the operating rate of enterprises is still not high, and the market is basically in a state of both supply and demand.

Battery grade lithium carbonate prices remained stable this week, and industrial grade lithium carbonate prices slightly retreated. Although the start of cathode materials enterprises has gradually improved, affected by the epidemic situation, the overall lithium carbonate market demand is limited. However, at present, lithium carbonate manufacturers are more willing to support prices, industrial grade lithium carbonate is lowered, battery grade lithium carbonate prices are weak, and the overall market transaction atmosphere is not good.

Anode material

The start of business this week has improved compared with last week, but has not returned to normal conditions. Shipments are not satisfactory. Most companies have low operating rates, but individual manufacturers have to perform well this month, mainly for manufacturers with large export orders, such as Batery. The market for anode raw materials low-sulfur coke is still tight this week, and the upward adjustment is strong. It is expected that the listed prices of low-sulfur coke manufacturers will rise in March.

Electrolyte

The electrolyte market performed mediocrely this week. The situation in February will be worse. Everyone has had psychological expectations, but the actual shipments are mostly close to psychological pessimistic expectations. For the coming March, in terms of the current resumption of the entire lithium battery industry chain, March will still be in a state of recovery, and the situation of Japan and South Korea epidemic situation is becoming increasingly tense, which will also affect the Chinese market to a certain extent.