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Market Trend and Demand The market price of lithium battery raw materials will rise in 2021 Will Affact the Price of Chromium Carbide

wallpapers News 2021-06-22

Lithium-ion batteries were born in the 1970s. After being successfully commercialized by SONY in 1991, they have now been widely used in power, energy storage and other fields.

The raw materials of lithium battery mainly include positive and negative electrode materials, electrolyte, separator and current collector. Among them, the cathode material is the most critical raw material for lithium batteries, including lithium carbonate and lithium hydroxide. Since 2020, the ex-factory price of battery-grade lithium carbonate has increased from the lowest 42,000 yuan/ton to 95,000 yuan/ton; the ex-factory price of lithium hydroxide has increased from the lowest 43,000 yuan/ton to 90,000 yuan/ton. . What is the reason for the soaring of raw materials for lithium batteries?

The rapid growth in sales of new energy vehicles has driven the increase in the number of power batteries installed. In May 2021, my country power battery installed capacity totaled 9.8 GWh, a year-on-year increase of 178.2%. The demand for power lithium batteries for new energy vehicles has increased, and power battery companies have received hot orders.

While the demand is increasing, the supply of raw materials for power lithium batteries is in short supply. Because the global lithium, cobalt, and nickel resources are mostly concentrated overseas, they are monopolized by leading mining groups. Since 2020, affected by the new crown epidemic, raw material companies have failed to achieve expansion plans as expected, resulting in a shortage of raw material imports and tight supply.

The most direct impact of the rise in the price of power lithium battery raw materials is to bring about a decline in the gross profit margin of the company. In order to meet this challenge, the company will choose two angles to maintain a reasonable gross profit margin, one is to reduce manufacturing costs, and the other is Increase product prices.

In addition, for the power lithium battery industry, rising raw material prices and declining gross profit margins will further compress the living space of small battery companies, and the concentration of competition in the power battery market will further increase.

Affected by The market price of lithium battery raw materials will rise in 2021,the Chromium Carbide market is changing rapidly. These changes are indicators of market growth.This year-on-year upward trend in the market indicates that the next November 2020-2026 will show an oval but steady growth.If you are looking for Chromium Carbide or buy Chromium Carbide in bulk,please send an email to: sales@ozbo.com

The price of Chromium Carbide continues to be affected by factors such as market growth momentum,various opportunities and challenges.However,during the forecast period from 2020 to 2026,the global Chromium Carbide sales market is expected to continue to be above average.The growth rate will continue to increase.It is expected that from today to next week,the price of Chromium Carbide will increase to a certain extent.  

Due to changes in consumer demand,import and export conditions,and various investigations on the development of Chromium Carbide,the cost of Chromium Carbide is constantly changing.Taking into account the current market macroeconomic parameters, value chain analysis,channel partners,demand and supply,the cost of Chromium Carbide will also be affected to a certain extent.It is estimated that the cost of Chromium Carbide will increase slightly from today to next week.

However,Ozbo.com provides high purity Nano Chromium Carbide with steady price.In order to feedback to old customers,the company is still in full operations to provide Chromium Carbide with competitive price.said Olina,sales manager of Ozbo.com.

About Ozbo.com

Ozbo.com (aka.Tanki New Materials Co.Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years experience in providing super high-quality chemicals and Nanomaterials.As a leading nanotechnology development and Chromium Carbide manufacturer,Tanki New Materials Co.Ltd dominates the market.Our professional work team provides perfect solutions to help improve the efficiency of various industries,create value,and easily cope with various challenges.If you are looking for Chromium Carbide, please send an email to:  sales@ozbo.com  


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