News summary
Changes in supply and demand have led to a weakening of lithium carbonate prices. Production and imports are expected to increase in May. The overall market demand for lithium salts is increasing, but the acceptance of high-priced goods is not high, the market driving force is insufficient, and the market outlook is expected to be mainly volatile.
Newsletter text
[Lithium prices fluctuate: lithium carbonate spot prices are fine-tuned]
[The price of spot lithium carbonate fluctuates, and the prices of industrial grade and battery grade are reduced respectively] Yesterday, the prices of industrial-grade lithium carbonate and battery-grade lithium carbonate were both lowered by 200 yuan/ton, to 10%, respectivelybombjack.250,000 yuan/ton and 106,900 yuan/ton. At the same time, the price of battery-grade lithium hydroxide dropped by 550 yuan/ton to 97,700 yuan/ton.
[Lithium supply is expected to increase, and output and imports are growing rapidly] Lithium supply increased in May, output and imports are expected to grow rapidly, and weekly output continues to increase month-on-month.
[Demand for lithium iron phosphate has increased, and overall demand for lithium salts at the demand level has increased] Although demand for lithium iron phosphate increased month-on-month in May and demand for ternary materials declined month-on-month, overall demand for lithium salts increased month-on-month. However, with customer supplybombjackWith the increase in the number of products and the challenges faced by companies in inventory management, the market has low acceptance of high-priced lithium salts.
[Inventory levels show an increasing trend, with varying increases and decreases in inventories in different links] As of May 16, lithium carbonate inventories increased by 2.9% month-on-month, and the total volume reached approximately 87,000 tons. Among them, downstream inventories increased by 1.7% to approximately 22,800 tons, inventories in other links decreased by 8% to approximately 16,000 tons, and smelter inventories increased by 7.8% to approximately 48,300 tons. In addition, warehouse receipt stocks continue to increase.
[Market fundamentals weaken, lithium prices may experience shocks] Against the background of weakening fundamentals, the price center of lithium prices has declined slightly in the early stage. Currently, the overall driving force of the market is insufficient, and lithium prices are expected to remain volatile in the future.