Lithium Carbonate Prices Are Still Lower And May Fluctuate Weakly in The Short Term

Industrial-grade and battery-grade lithium carbonate prices are still lower this week. On April 21, the average price of industrial grade lithium carbonate in East China was 470,000 CNY/ton, which was 0.68% lower than that at the beginning of the week (the average price of industrial grade lithium carbonate in East China was 473,200 CNY/ton on April 17). On April 21, the average price of battery-grade lithium carbonate in East China was 488,000 CNY/ton, which was 0.81% lower than that at the beginning of the week (the average price of battery-grade lithium carbonate in East China was 492,000 CNY/ton on April 17). As of April 21, the comprehensive quotation in the industrial-grade lithium carbonate market was around 445,000~470,000 CNY/ton, and the comprehensive quotation in the battery-grade lithium carbonate market was around 470,000~490,000 CNY/ton.

Judging from the observation of market changes, the price of lithium carbonate has continued to decrease this week, and the attitude of major manufacturers in the supply side has loosened, but the price adjustment is still limited. At present, the overall market transaction range is widening. Although the upstream and downstream game status is maintained, the price support is insufficient in the case of significantly weakened demand, and the market transaction price is gradually reduced. The market supply of lithium carbonate is stable. After the top salt lake companies sell lithium carbonate at lower prices, the market is mostly based on long-term delivery, the transaction price has been lowered, and traders have a positive attitude towards shipments.

The price of downstream lithium hydroxide fell from a high level, and with the reduction of the price of lithium carbonate, the market mentality was dragged down. Foreign lithium hydroxide procurement atmosphere is active, and the market is running strongly. The domestic downstream demand is reduced, the purchasing enthusiasm is weakened, and the wait-and-see attitude is strong, and the domestic lithium hydroxide market price is loose.

The downstream price of lithium iron phosphate continues to be stable. At present, the downstream just needs to purchase mainly. The supply of manufacturers is still tight. Some manufacturers have stopped work, the supply of goods is tight, and the supply surface is obviously insufficient. It is mainly based on the delivery of orders from contract customers. The number of new orders is limited, and the overall market The negotiation atmosphere is acceptable, and the price remains high.

Lithium carbonate analysts of the business community believe that the current public health event continues, and the impact on the demand side still exists. Under the circumstance that the support of high-priced lithium salts is becoming weaker day by day, the market has sold out sentiment, which has put pressure on the price of lithium carbonate. It is expected that the price of lithium carbonate will fluctuate weakly in the short term.