Shulou(Shulou.com)12/24 Report--

CTOnews.com December 5 news, according to the latest report released by Jibang Consulting, affected by the cooling of terminal demand, the operating rate of battery industry declined in November this year, and the prices of lithium, cobalt and nickel raw materials all fell, resulting in the decline of battery prices all the way.

In November, the price of electric vehicle batteries in China (the following are all in RMB) fell by about 3~4% monthly; lithium cobalt oxide batteries for consumer electronics fell by 2.5% monthly; energy storage batteries still fell the most, falling by 6.8% monthly.

Jibang consulting said, Power and energy storage market demand cooling, Cell manufacturers in order to reduce inventory, On the one hand, Reduce enterprise capacity utilization rate, Cause the industry overall operating rate dropped to less than 50%, Some enterprises in the fierce market competition, Due to lack of orders and face the dilemma of production reduction or shutdown.

On the other hand, due to the increase in shipping pressure, some cell suppliers adopt a low-price dumping strategy to increase inventory de-conversion efforts, and the market is therefore caught in a price war, especially in November when China enters the off-season market, the lowest price of energy storage cells has fallen to about 0.4 yuan/ Wh.

In terms of consumer batteries, after the Double Eleven Shopping Festival promotion activities, terminal demand turned flat, and the consumer electronics market entered the off-season of procurement. Due to sufficient reserve stocks of battery manufacturers in the early stage, the prices of upstream materials such as lithium and cobalt continued to decline in November, especially lithium salt prices fell by more than 10% in November, causing the average price of lithium cobaltate batteries to drop by about 2.5% monthly in November to RMB 6.27 yuan/ Ah. The decline is expected to continue into December.

CTOnews.com attaches the original report address, interested users can read in depth.

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