Latest Update in the China Lithium Market

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on October 23, 2020

The dollar index ticked higher on Thursday, easing off a seven-week low as hopes for a coronavirus aid package ahead of the US elections faded and COVID-19 cases surged around the world, giving a slight bid to safe-haven assets like the greenback.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on October 22, 2020

The dollar hit a seven-week low against a basket of currencies on Wednesday after US.President Donald Trump and House Speaker Nancy Pelosi boosted hopes for a large fiscal stimulus package, prompting some traders to ramp up bets on riskier currencies.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on October 21, 2020

CATL is likely to see 33 GWh of high-Ni ternary battery demand in 2021, translating into approximately 58,000 mt of high-Ni ternary material orders, a sharp increase from 2020.

China has recently released the winter heating season policies for 2020/21, and while the initial view is that supply disruption may be less this year, there are still question marks over the impacts on demand.

The latest data shows that the supply of cobalt sulfate and cobaltosic oxide tightened from September to October.