imperialbaccarat| Lithium carbonate 2407 contract: market supply is loose, price center of gravity may move downward
Newsletter summary
Lithium carbonate futures 2407 contract rose 0.Imperialbaccarat.14% to 109000 yuan / tonImperialbaccaratSpot prices fell. The price of lithium ore stabilized and the supply was loose. Demand increased month-on-month in April but the growth rate may slow in May. The supply and demand pattern of lithium carbonate is loose, and the price has downward pressure.
Text of news flash
[lithium carbonate futures 2407 contract rose slightly by 0.14% yesterday to 109000 yuan / ton price level]. In the spot market, the price of battery-grade lithium carbonate fell by an average of 150 yuan / ton to 111300 yuan / ton, while the price of industrial-grade lithium carbonate also fell, falling by 250 yuan / ton to 108300 yuan / ton. At the same time, the average price of battery-grade lithium hydroxide remained stable at 100400 yuan / ton, with a base difference of 2100 yuan / ton. In the warehouse unilaterally, the unit volume of the warehouse decreased by 590 tons yesterday, to 19137 tons. The price of lithium ore tends to be stable under the influence of the decline in the price of lithium salt, the price of industrial-grade lithium carbonate continues to strengthen, the price gap between industrial and electronic grade gradually narrows, and some even hang upside down. On the supply side, although some salt lakes and large manufacturers are still in a state of overhaul, part of the domestic production capacity in Jiangxi has resumed production, at the same time, the market expectation for the increase of imported lithium salt still exists, and the overall supply shows a loose trend. On the demand side, demand rose month-on-month in April, but downstream, after restocking, the acceptance of high-priced products is not high, and demand growth is expected to slow in May, putting some pressure on the market. In terms of inventory, social inventory is still increasing slightly, while inventory in the middle and upstream has declined during the week, while warehouse order inventory has increased significantly. In spite of this, the supply and demand pattern of lithium carbonate market is gradually becoming loose, but the current auction price, industrial lithium carbonate price and lithium mine price still have some support, and the market price center of gravity may show a downward trend in the future.