Latest Update in the China Chemical Compound Market

According to data from the China Power Battery Industry Innovation Alliance, the domestic power battery output continued to increase in July to the new record high of 47.2GWh, up 172.2% on the year and 14.4% on the month.

SHANGHAI, Aug 11 (SMM) - Power battery output totalled 41.3 GWh in June, up 171% on the year and 16% on the month.

SHANGHAI, Aug 11 (SMM) - Nickel sulphate supply deficit stood at 1,120 mt in Ni content in July.

SHANGHAI, Aug 11 (SMM) - Domestic cobalt sulphate market again saw a supply surplus of 416 mt in metal content in July.

SHANGHAI, Aug 11 (SMM) - Lithium carbonate supply deficit recorded 1,361 mt in July compared with a supply surplus in June. Domestic lithium carbonate output stood at 30,319 mt in July, down 4% MoM.

It is expected that leading precursor companies will release new capacity in August, and the terminal demand for motive power products will sustain growing.

According to SMM research, in July 2022, a total of 29,750 mt of lithium battery scraps were recycled in China (including scrap in the form of battery, pole piece and black mass), and the recycling volume rose slightly by 2% compared with June.

SHANGHAI, Aug 10 (SMM) - Boosted by rumours that the National Food and Strategic Reserves Administration would stockpile cobalt metal, the price of refined cobalt rose rapidly on the afternoon of August 8, with an increase of 11.88% that day.