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  • Producers expect lithium battery demand to continue bullish in October

    2009-09-18 09:33:32   【Print】

    BEIJING (Asian Metal) 18 Sep 09 - Producers in South China told Asian Metal that the demand of lithium battery is relatively strong this September, and some already have orders to be carried out till the end of October. Participants expect the bullish demand will carry over in October, which will probably help push up the price of lithium cobalt oxide to above RMB250/kg (USD36.60/kg) from the current level of RMB240-245/kg (USD35.Asian Metal Copyright At the same time, the consumption of lithium cobalt oxide accounts for about 80% of the whole cathode materials for lithium battery, against 100% last year.Asian Metal Copyright14-35.87/kg).Asian Metal Copyright At the same time, the consumption of lithium cobalt oxide accounts for about 80% of the whole cathode materials for lithium battery, against 100% last year.Asian Metal Copyright

    A lithium battery producer in Guangdong, with a consumption of around 20tpm of lithium cobalt oxide, told Asian Metal that they have received many orders since August, and all the orders at hand will probably be carried out till the middle of next month. "The demand is OK.Asian Metal Copyright14-35.Asian Metal Copyright Other lithium battery producers in the local region also have the same situation, but the problem is we cannot find enough workers," said the source.

    According to the source, the price of lithium cobalt oxide has been falling slowly week on week to around RMB240-245/kg (USD35.14-35.87/kg) this week while their last purchase was made about half a month ago at around RMB250/kg (USD36.60/kg).Asian Metal Copyright14-35.Asian Metal Copyright Although the demand of lithium battery has recovered since the end of July, the source believes it is unlikely for the price of lithium cobalt oxide to increase this September as there is still a huge stock in the market.Asian Metal Copyright At the same time, the consumption of lithium cobalt oxide accounts for about 80% of the whole cathode materials for lithium battery, against 100% last year.Asian Metal Copyright

    At the same time, the source revealed to Asian Metal that most battery producers who used to use lithium cobalt oxide as the sole cathode material also start to use more lithium manganese oxide and lithium nickel cobalt manganese oxide to minimize the production cost, and lithium cobalt oxide only accounts for about 70-80% this year instead of 100% in 2008.

    "Since the price of lithium cobalt oxide has been falling slowly and there is very limited room for the price to drop further, we try to press the price down to below RMB240/kg (USD35.14/kg) for a big quantity, but suppliers don't agree," said another battery producer in Guangdong with a monthly consumption of around 20-30t of lithium cobalt oxide.Asian Metal Copyright"Since the price of lithium cobalt oxide has been falling slowly and there is very limited room for the price to drop further, we try to press the price down to below RMB240kg USD35.Asian Metal Copyright

    Commenting on the demand of lithium battery, the source revealed that the orders have started to increase since August and this situation will probably carry over into October, but he pointed out the market might not see an incredible increase next month as the demand from abroad is still weak. At the same time, the consumption of lithium cobalt oxide accounts for about 80% of the whole cathode materials for lithium battery, against 100% last year.

    .Asian Metal Copyright14-35Asian Metal Copyright
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