The price of lithium carbonate is stable, and the market is still waiting

According to the business agency data monitoring: this week, the price of lithium carbonate returned to stable, and the performance of spot transactions in the market was flat. On July 16, the average price of industrial grade lithium carbonate in East China was 39300 yuan / ton, which was flat compared with the beginning of the week, down 0.35% compared with July 1; on July 16, the average price of battery grade lithium carbonate in East China was 44700 yuan / ton, which was flat compared with the beginning of the week and increased by 1.13% compared with July 1. On the 16th, the mainstream quotation of industrial grade lithium carbonate market was around 35500-45000 yuan / ton, and that of battery grade lithium carbonate was around 40500-48000 yuan / ton.

 

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This week, the market price of lithium carbonate is relatively stable, and the spot transaction has not improved significantly. Some large factories sign long orders to ensure the shipment volume and cash flow. With the coming of the resumption of production and work in the downstream, the demand gradually improved, which also increased the consumption of lithium carbonate, and the price of lithium carbonate began to hit the bottom, showing signs of rebound. However, the lithium carbonate manufacturers are still in a wait-and-see state at present, and the upstream suppliers still expect to support the price. However, the downstream material factories are still cautious about the current price trend, and both sides maintain the game state.

 

At present, the downstream power and energy storage market increased greatly in August, while the bargaining power of LiFePO4 market was weak and the market competition was fierce. The price could only be increased with the raw material price. The market tends to wait on the price of raw materials, and the downstream demand only increases slightly, which is difficult to support the price rise of precursors and ternary materials.

 

According to the price monitoring of the business agency, on July 15, 2020, there were 7 kinds of commodities in the chemical industry sector, with dichloromethane (2.36%), epichlorohydrin (1.71%) and ethanol (0.83%). There were 16 kinds of commodities with a decrease of more than 5%, accounting for 1.1% of the total number of commodities monitored in this sector; the top three products of decline were bisphenol A (- 8.34%), silicone DMC (- 2.17%), butanone (- 2.02%).

 

Lithium carbonate analysts of the business club believe that the price of lithium carbonate has been running smoothly in recent days, but the market has a little willingness to support the price, but the manufacturers are still in a strong wait-and-see mood. It is expected that the lithium carbonate price will still be in a volatile and stable operation in the short term, and the downstream bargaining power is still in place.

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