鑫椤锂电一周观察 | ICC鑫椤10月数据发布：整体超预期，部分材料出现暴涨

Industry Overview - The lithium battery industry is currently in a peak season, with significant price increases observed in materials such as tetravalent cobalt, lithium cobalt oxide, and lithium hexafluorophosphate, driving up the prices of ternary materials [2] - The market outlook for November indicates continued demand, with some materials experiencing upward price trends and supply tightness, suggesting a robust performance in battery production despite the seasonal downturn [2] Company Developments - Ganfeng Lithium's new project for an annual production of 80,000 tons of lithium iron phosphate is progressing well, with the main construction expected to be completed by 2026 [3][4] - Hunan Youneng reported full production and sales due to strong demand from downstream power and energy storage batteries, with sales of phosphate-based positive materials reaching 784,900 tons from January to September, a year-on-year increase of 64.86% [5] - Yongtai Technology maintains high capacity utilization rates across its lithium battery materials, with significant production capacities for various products including electrolyte and lithium hexafluorophosphate [6] Market Trends - In October, China's e-cigarette exports reached approximately $1.098 billion, marking a year-on-year increase of 23.64% [7] - Lithium carbonate prices have shown volatility, with recent market fluctuations leading to increased trading volumes and a faster pace of inventory depletion [8] - The price of lithium carbonate as of November 27 is reported at 93,000 to 95,000 yuan per ton [9] Material Pricing - Ternary material prices as of November 27 are as follows: single crystal 5 series at 155,000 to 160,000 yuan per ton, and 8 series 811 type at 164,000 to 168,000 yuan per ton [12] - Phosphate lithium prices have seen slight increases, with expectations of a 2-3% production rise in December [12] - The latest prices for negative materials range from 50,000 to 65,000 yuan per ton for high-end natural graphite products [16] Battery Production and Sales - Battery production is expected to remain stable in December, with leading battery manufacturers anticipating slight increases in output, particularly supported by heavy-duty and energy storage orders [19] - The retail sales of new energy vehicles from January to November reached 10.998 million units, a year-on-year increase of 20% [20] Storage Market - The domestic energy storage market continues to show strong demand, with significant growth observed in Eastern Europe, particularly in Bulgaria, which has seen an 8-9 times increase compared to last year [21] - The tender market has been robust, with November's total tender scale reaching 34.45 GWh, expected to rise to 45-50 GWh by the end of the month [22]