February 24: stable operation of lithium carbonate Market

1、 Price trend of lithium carbonate:

 

(Figure: P value curve of lithium carbonate product)

2、 Market analysis:

 

Benzalkonium chloride

Product: the market of lithium carbonate was stable on the 24th. The production enterprises in Sichuan and Jiangxi started one after another, with limited downstream demand and strong on-site waiting atmosphere. According to the price monitoring of the business agency, the average price of industrial grade lithium carbonate in East China on February 24 was 43900 yuan / ton, which was the same as last Friday (February 21), down 39.86% compared with the same period last year. On February 24, the average price of battery grade lithium carbonate in East China was 51200 yuan / ton, which was the same as last Friday (February 21), down 38.46% compared with the same period last year. At present, the mainstream price of industrial lithium carbonate market is around 41500-47000 yuan / ton, and the mainstream price of battery lithium carbonate market is around 50000-52000 yuan / ton.

 

On February 24, the lithium carbonate commodity index was 111.85, unchanged from yesterday, down 72.39% from 405.10 (2018-01-07), the highest point in the cycle, and up 13.51% from 98.54, the lowest point on October 16, 2014. (Note: cycle refers to 2011-09-01 to now)

 

Sodium Molybdate

Industry: according to the price monitoring of the business agency, there are 15 kinds of commodities rising month on month in the price list of bulk commodities on February 24, 2020, including 1 kind of commodity rising by more than 5%, accounting for 1.2% of the number of commodities monitored in this sector; the top three commodities are fluorite (6.84%), urea (3.17%) and hydrochloric acid (2.81%). There are 14 kinds of commodities decreased on a month on month basis, and 1 kind of commodities decreased by more than 5%, accounting for 1.2% of the number of commodities monitored in this sector; the top three products decreased were hydrogen peroxide (- 8.36%), chloroform (- 2.44%) and phenol (- 1.81%). The average rise and fall of this day is 0.03%.

 

3、 Future forecast:

 

According to analysts of lithium carbonate of business association, the market inventory of lithium carbonate is still there at present, and the downstream demand is recovering slowly, but there is no obvious improvement. It is expected that the market of lithium carbonate will stabilize temporarily in the short term.

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